Jim Bianco
Jim Bianco|Jul 16, 2025 19:47
Having fun? *TRUMP SAYS HE IS NOT PLANNING TO FIRE FED CHAIR POWELL --- The sports betting market thought the Kansas City Chiefs were a 1.5-point favorite over the Philadelphia Eagles in the past Super Bowl (LIX). Instead, the Eagles won by 18 points (40-22). Sometimes bettors get it wrong. However, it's still helpful information because it reveals how people are thinking. Currently, this betting market on firing Powell has not exceeded 50%. They're thinking Trump doesn't really want firepower Powell because Trump wants to use him as a punching bag/punish him. Is this the correct thinking? Or is this the financial betting markets' version of saying the Chiefs were a 1.5-point Superbowl favorite?
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