-
All Eyes to the Fed
As market practitioners, too often we obsess with financial indicators when it comes to forecasting Federal Reserve policy. I have heard plenty of tongue-firmly-planted-in-cheek comments about how the Fed needs to cut rates because we are a whopping 8% from all-time highs. These pundits joke that the Fed needs to come to the rescue of the stock market bulls as they are not used to this many downticks. Yeah, I get it. It seems ridiculous that less than a 10% decline would prompt calls for a Fed cut. But those who dismiss a Fed rate cut are missing the big picture. The Federal Reserve is tasked with managing the ... (full story)