With everyone poring over the big Facebook IPO filing, it’s worth reviewing the mechanism by which a private company goes public via an initial public offering.
The jobs report’s strong wage growth and robust hiring data have led to a hawkish tone from investors, with bond yields climbing and equities advancing.
The Fed’s recent actions have led to a reevaluation of what it means to ‘fight the Fed,’ and it’s crucial for investors to understand the difference between a trading opportunity and an investable rally.