Every pundit in finance was citing the move to Warsh and the inevitable rate cuts that his appointment would facilitate as a primary reason for the huge bullish

Every pundit in finance was citing the move to Warsh and the inevitable rate cuts that his appointment would facilitate as a primary reason for the huge bullish run since January.  But now not only are we not looking at rate cuts but an estimated 50% chance of a rate hike at the next meeting - but t…