The longer the stock market churns in place, the more time investors have had to cogitate over the causes of what could just be a standard and needed late-summer shakeout to reset stretched investor expectations, positioning and valuation.
The Fed-funds futures market looking beyond a few months is something like the preseason college-football rankings: All we have available to work with before the season starts, but interesting mostly for how exactly they'll be proven wrong. And note that just a few months ago, cuts were priced for the latter part of this year, and the market unwinding that assumption did not kneecap equities.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر: