The Fed does not pivot. Why were stock market investors the last to know?

After Friday’s brutal session for equities, it looks like equities were the last asset class to buy into the idea that the Federal Reserve is unlikely to swing toward less aggressive monetary policy anytime soon. Judging solely by movements in yields and exchange rates, it looks like bonds, gold and the dollar started pricing a …

The Fed does not pivot. Why were stock market investors the last to know? Read More »