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