Morning Note | Feb 2, 2023 | More Bumps Than Trims On CEF Distribution Day
Good Morning! Happy Groundhog Day!
Stocks rallied on Wednesday following the Powell press conference which most people agree didn't push back enough. He said they would keep going on rate hikes and there would be no cuts in 2023. The bond market does NOT believe him.
From DB:
… During Chair Powell’s press conference, equities started turning higher whe…
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