Deutsche Bank, QT, the Fed's outlook, the recent PMIs, and the Lyft IPO

No major catalysts in either direction

Right now, there are no major stories that I think will have any meaningful near-term impact on asset markets. We're definitely still in  a risk-on market phase. And ostensibly, this is largely because we are poised for a growth re-acceleration rather than simply a reaction to Fed easing. I have my doubts about that…