Chief Market Strategist Ellen Hazen, CFA, talked to Bloomberg about her current views on the market.
The story is titled “Stocks as Inflation Hedge Is New Catch-All Narrative for Market Rally” and Ellen commented….
“Between Powell and Bullard, the fixed-income market is starting to believe a 50-basis-point hike is no empty threat. The stock market is telling you that the economy is not going to be broken by these higher rates.”