Stocks surged after last week’s Federal Reserve meeting as some experts argued that the central bank effectively “pivoted” its tone from being uber hawkish about monetary policy to being a bit dovish. If this interpretation is true, then this could be very bullish as there may be a more clear end in sight for the Fed-sponsored market beatings. The unfortunate irony, however, is that a market rally reflects easing financial conditions during a time when the Fed is actively trying to… Source link
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