JPM's announcement t 3 p.m. didn't only cause the F_E_D to move up the stress test results by 2 days, look what it did to the sector rotation, some are quite surprising...
Financials at the bottom took off at 3 p.m. on the JPM announcement, the defensive sectors you would expect to see fall, like Utilities, Healthcare, Staples, but it also brought down Tech.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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