MarketWatch/Joseph Adinolfi/7-5-2022
“The Federal Reserve isn’t even four months into its latest interest-rate -hiking cycle, and yet investors are already pricing in rate cuts as soon as next year, the latest sign that the market is bracing — or perhaps rather hoping — for a swift return to the easy-money monetary policy that helped drive the roaring stock market of the years following the 2008 financial crisis.”
USAGOLD note: If you are confused by all of this, welcome to the club. Wall Street knows not to fight the Fed, but it doesn’t know which Fed it isn’t fighting.
