Honeymoon Is Over?

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ValueWalk

S&P 500 didn‘t shake off the post-FOMC minutes selloff in the least – and credit markets don‘t offer much short-term clarity either. Probably the brightest sign comes from the intraday reversal in financials higher – but tech still isn‘t catching breadth, which is key to the 500-strong index recovery. Bonds remained in the count down mode, as in not yet having regained composure and risk-on posture. Q3 2021 hedge fund letters, conferences and more The bottom might not be in, taking more time to play out – if we see a really strong non-farm payrolls figure, the odds of Fed tapering and rate hik…

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