Other than fans of UCF, there really is little reason to be so upset. Yes, the PMI slowed somewhat, both domestically and in Europe, but was there really any concrete data to impact the equity market in such fashion last week? Moreover, a hawkish Fed seems tobe a thing of the past as the FOMC announced a definitive end to 2019 rate increases and quantitative tightening while the 10‐year Treasury yield fell a significant 15 basis points.  Continue Reading…

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