Fed Rate Hike Punishes Market Breadth While AI Stocks Rebound
The Market Breadth Summary: Punished The Stock Market Summary The Federal Reserve actually did it. America’s central bank channeled Kevin Warsh’s previous jawboning into an actual rate hike. The Fed’s first such move since 2023 was well-priced by the Fed fund futures market, but the stock market was initially caught off-guard. The rate hike punished … Read more
