A cold shower to the bulls
Matein Khalid My digital purdah came to an end with a bang and not a whimper as Powell made it clear that it is “very premature to think about a pausing”. This was a cold shower to the bulls and the DJIA went from +350 to -500. What an ouch! The Treasury bond market resumed its bloodbath. Chairman Powell’s message to the Street was precisely what I […]