It’s all about the Fed?
Earlier today, I heard a CNBC commentator discussing today’s decline in stock prices. He said something to the effect, “It’s all about the Fed.” In fact, it’s rare that there is a day when it was so little about the Fed. Yes, higher interest rates played a role in lower stock prices, but these interest rate movements had nothing to do with the Fed.
There was no Fed meeting today, nor were there any important speeches. Instead, interest rates shot up after a strong jobs report. You can... Читать дальше...