Markets moving higher to close out the week in Friday trading on a positive note. For those counting, that’s 3/5 higher for the week and swinging the pendulum back from last week’s losses. In sticking to theme- it was another day, another lesson of ‘don’t fight the Fed’. But in an interesting plot twist, we found ourselves re-calibrating the skew away from that entirely of the hawks now slightly a touch back to the doves. Or, in other words, rates moved lower (off of new peak levels we’ve not seen in the past decade) and Equities rallied as a result.
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