Stocks Tumble Into Red As Market Prices Out Dovish Fed
Good news – ISM Services beat expectations.
Bad news – that means the market is anticipating less accommodation from The Fed. Now only 1 rate-cut by the end of 2020!
Source: Bloomberg
And that seems to have upset the bullish melt-up euphoria…
Source: Bloomberg
Finger crossed that we get more dismal data soon!
Tyler Durden
Tue, 11/05/2019 – 10:25
via ZeroHedge News https://ift.tt/33jmOAp Tyler Durden