@Markzandi You mention it will take a year for the data to wash out completely but how would you anticipate the data will begin to enter the prints over the coming months? Would you expect a print of c.1.0% in Dec/Jan for the subsets that assumed 0.0% for the previous two months?
@AndreasSteno@RealVision Doesn’t the 2024 situation just mean that a snap correction/unwind was much more likely and aggressive. But if the fundamentals have changed more profoundly this time then couldn’t the unwind be more systemic, larger and in the long run more significant?
@AndreasSteno I guess it could prove to be pretty significant. LR dot is a very slow moving beast but with almost double the number of members now seeing it at at least 3% compared to last meeting the shift higher is very real even if only a very minor adjustment manifests this time.