More from Economic Data
Here's why we believe 'higher for longer DUE to higher GDP' has a more dovish tone, and remain constructive for the rest of the year.
We view the magnitude of the equity drop and commensurate surge in yields disproportionate to the FOMC rate decision and press conference.
Caution and stock market congestion may lie ahead as interest rates stay higher for longer, while the stock market decline has now assumed a global character. Plus, more lessons from Howard Marks.
The Fed Chair did not sound as sure of himself or the committee as has in the past. He seemed as uncertain about the future of the economy as are the rest of us, which is a negative.
Markets are apprehensive into the September FOMC. But we think the risk/reward is actually somewhat positive into this meeting. Stay with Technology, Energy and Industrials.