00:00 Speaker A
has geopolitical risk essentially been priced out at this point?
00:05 Speaker B
Uh, put it this way, the market is ignoring it. I I agree with that point. Um,
00:10 Speaker B
and I think that goes into the frothiness of the tape. Uh, people like the fact that uh, the president is cheerleading the markets and obviously, uh you know, pushing for rate cuts.
00:20 Speaker B
Um, even, you know, no matter what happens with the economic data here, the expectation is come May, we’ll have a new Fed chairman who will be more dovish and this has been the thinking for the past six months.
00:30 Speaker B
So, we have this really do we’ve had this really dovish environment, um, with the only hiccup being the post- liberation day sell-off, and the president reversed course tariffs at least temporarily temporarily after that, and now is more easing them in.
00:43 Speaker B
So, I think that’s a lot of the excitement we’re seeing in the market and the trade I mean, the trade deals will matter, uh, it just takes much more time to see the real effects of of, you know, of those deals or lack of deals play out.
