Markets Shudder as The Fed Gets Priced Out
Equity markets are posting an abnormal number of intraday reversals
Highlights
• Equity markets are posting an abnormal number of intraday reversals
• Treasuries are in overshoot territory as the Fed gets priced out
• Is Canada approaching a positive inflection point?
• A nosebleed S&P 500 CAPE multiple points to poor longer-term return prospects
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