Fed Moves Markets, But In Wrong Direction
The long-awaited "pause" in rate hikes by the Fed was met with a rather large "thump."
The long-awaited "pause" in rate hikes by the Fed was met with a rather large "thump."
The most recent economic data and information points to a delicate situation for the markets.
For some strange reason, the Fed appears to be "hell bent" on raising rates next month.
One of the key elements we subscribe to when generating economic and market commentary is going where the data takes us - not trying to put a square peg in a round hole and force data into a certain narrative.
Never underestimate the Fed's ability to let a good crisis go to waste.
There's some talk right now that the current market environment resembles a "dead cat bounce" or that we're setting up for a recession.