The Fed’s hawkish statement and Powell’s modest ‘good cop’ effort left rate-hike odds all higher on the week with May 2022 now the most likely ‘liftoff’ for rates…
While stocks knee jerked higher on Wednesday, this hawkish shift ended up dragging markets lower on the week. Nasdaq was the week’s biggest loser; The Dow was the least ugly horse in the glue factory…
Defensive sectors dominated the week with Energy, Tech, and Discretionary the most hated…
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