The Billion Dollar Blindspot

The Billion Dollar Blindspot

The Weekly Market Compass #7

Santa's rally is here...or is it?

Maryann's avatar
Maryann
Dec 17, 2023
∙ Paid

a bicycle with a basket on the back parked in the snow
Photo by Axel Brunst on Unsplash

In a LinkedIn post last week, I wrote about the divergence between the Fed and the market expectations for rates using the dot plots as a case-in-point. And last week, well…the Fed pivoted.

The Fed pivoted from guiding the markets to being guided by the markets. And by markets, I am referring to the bond markets. Suddenly…

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