The story is titled “What’s Next for the Stock Market as Investors Grapple With Fed Near Peak Hawkishness” and Steven commented…
“Investors are grappling with “very strong forces” in the market. The tremendous economic momentum from the recovery from the pandemic is being met with a very rapid shift in monetary policy. Markets are struggling, as we all are, to understand how that’s going to play out.
If this is peak hawkishness, and the Fed pushes really hard at the offset, they perhaps buy themselves more flexibility later in the year as they start to see the impact of very quickly getting back to neutral.”