Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
Nick Colas, co-founder, DataTrek Research
“I think equities got a little too far out ahead of the Fed. Fed funds futures still think a rate cut this year is 50/50. But stocks may have shaded that more like 70/30 yesterday and Powell is more like 30/70 with his ‘transitory’ comment.”
Read the full article here on Yahoo Finance!