Source and data: Institute for Self Reliance
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Interactive Advisors
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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.
Sandy Weill’s call to break up the banks is not entirely altruistic: It could raise valuation multiples and provide a greater return for financial investors.
This week’s rally that sent the S&P 500 to multi-year highs also kept transportation stocks from reaching new multi-year lows. That’s huge news!
Tighter credit conditions, recent banking turmoil, and higher mortgage rates gave a well-needed break to the acceleration of Fed rate hikes. Instead, they gave a false signal to the markets as the Fed was going to slow its pace.