I’m not sure I’ve ever seen or heard so many people talking about the “K” shaped economy as I did this week. Both leading into the FOMC meeting and after the meeting, it felt like people were tripping over themselves to talk about the “K” shaped economy. You have our take post FOMC – where we still believe the market is: Underpricing the number of cuts and the speed of cuts (inflation is slowing and jobs are weaker than even the revised data shows). Underpricing the efforts the administration will take to keep yields lower across the curve. Speaking of ... What Shape is the Economy?