Fed Surprises The Market
Both equities and fixed income assets dropped last week in response to a hawkish Fed rate announcement.
"The Future's So Bright, I Gotta Wear Shades"
This week has been concerned with how much the Fed would raise interest rates - this week and into the future.
There Is No Fed Pivot
Just like when the bald child in "The Matrix" pointed out there is no spoon, there is no Fed pivot on the horizon. Equities snapped a 4-week win streak last week as the reality begins to set in that the Fed isn’t finished raising rates.
Return Of The Meme Stock
Just when you thought meme stocks were done, we witnessed retail investors get caught up again in the frenzy this week.
Did The Latest Inflation Numbers Give The Fed Room To Pivot?
Equities moved higher last week as inflation numbers gave hope that the Fed might pivot soon.