Unfriendly Fed and Meta Disappointment
The hawkish bloc is growing, and the rotation that was absorbing the damage reversed.
The hawkish bloc is growing, and the rotation that was absorbing the damage reversed.
With the AI bubble looking to “jump the shark” and conflict in the Middle East ongoing, the Federal Reserve has little choice.
Painful chip selling produced healthy rotation rather than broad fear.
A 12% yield sounds better than 3%, until you look at what’s actually generating each payout.
Semiconductor weakness lifted the hyperscalers again while the market waits on the Fed.
Rising rates and capex fears hit at the same time, but the rotation is limiting the damage.
The news is hitting and there is some knee-jerk selling.
Some of the year-to-date return leaders seem like savvy investments, but financial advisors know to avoid them.
Some energetic bounces are raising the stakes for significant earnings set for the near future.
The action quickly turned dreary as there has been no rush into stocks despite sharp pullbacks.