How exciting! I was in studio with Maria Bartiromo talking about the topics of the day. Nothing beats being studio a feeling the energy live.
First, we hit earnings for Pepsi. The firm just can't grow more than 4%. While that could be a red flag for the consumer - not being able to acclimate to higher inflation - the other host suggested it could be slow erosion from weight loss drugs. Probably a little of both.
Then we discussed the banks - one of my favorite topics. I keep banging the drum on private credit risk.
On top of that I'm sticking to my position that the Fed won't cut until the eelction is over and we have some visibility as to the fundamental growth prospects. Remember, the election is an economic fundamental when you think about policies. Wall street disagrees and seems to think artificial intelligence is all that matters.