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Joecalledher t1_iu9t3qg wrote

Reply to comment by Goojus in SPX bottom-up 12m price target by anon57842

Fedfunds futures are not indicating that. At close it they were pricing a roughly 30% chance of a 50bps hike and 70% 75bps.

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[deleted] t1_iu9xppk wrote

[deleted]

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Joecalledher t1_iu9ywwf wrote

Also, I don't agree that any of these rate hikes are priced in. Market rallied on hopium and opex to the 20wk average. There's still a lot that needs to come out of risk assets before a 4.75-5.0 fedfunds is priced in.

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Joecalledher t1_iu9yj66 wrote

Those numbers are accurate now. I looked between 4-5pm in NY on Friday and it may not have been updated.

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