Stocks, Bonds, Crypto, & Commodities Soar As ‘Dovish’ Powell Trumps ‘Hawkish’ Payrolls
December 02, 2022 at 16:00 PM EST
A chaotic week of China COVID headlines mixed with OPEC production cut rumors, sprinkled in with ugly economic data (ISM/PMI/Housing) and “great” economic data (payrolls and wage growth) was all trumped by the market’s belief that Fed Chair Powell spoke ‘dovishly’. On the week, Fed rate trajectory adjusted lower (dovishly) with terminal Fed rate expectations […] Source
