What if the markets are misreading the Fed

What if the markets are misreading the Fed

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…


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