The disappointment the market demonstrates at the prospect of no new rate cuts (to the exclusion of other factors) implies some bad habits have formed. Therefore, a few sage words on the addictive nature of bad habits.
“Chains of habit are too light to be felt until they are too heavy to be broken.”
“Habit is a cable; we weave a thread each day, and at last we cannot break it.”
“Just cause you got the monkey off your back doesn't mean the circus has left town.”
“Little minds mistake little objects for great ones, and lavish away upon the former that time and attention which only the latter deserve. The strong mind distinguishes, not only between the useful and the useless, but likewise between the useful and the curious.”
Philip Dormer Stanhope, 4th Earl Chesterfield
Have a good weekend.