Markets in 3 Minutes: This Market Wants to Trade a US Recession

The video discusses the impact of recent data on market sentiment, focusing on strong home sales and weak consumer confidence. It highlights the market's focus on recession narratives, influenced by banking sector news. The discussion also covers inflation data from Australia and its implications for the RBA and Fed's decisions.

What does the speaker suggest about the relationship between housing data and consumer confidence?

What are the implications of the upcoming RBA meeting for the Fed's expectations?