When it comes to "unpredictable times," I'd argue we're in the thick of it.
Between underwhelming Q2 earnings reports from the Magnificent 7, troublesome inflation, the "Yen Carry Trade" unwinding, and most recently the -818,000 downward revision of nonfarm payrolls — times are quite unpredictable.
As we all know, the stock market hates unpredictability.
So far year-to-date we've experienced multiple S&P 500 sell-offs greater than -5%, the VIX spiking to 65, and a presidential candidate "hot swap." To start the year, the market was pricing in seven rate cuts by the Federal Reserve — today these odds have fallen to just...
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