Equities likely to bottom after FOMC as Rates turn down

The recent rollercoaster has been nearly 100% rate driven, as early pullbacks Tuesday on rumors of China forming a coalition to study how to exit their Covid-0 policy coincided with a sharp pullback in Treasury yields.  Whether or not this can ever be trusted to be correct is dubious as we’ve seen a number of false starts lately.  However, better than expected Economic data resulted in rates backing up, and Equities responded negatively.  Overall, t...

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