Stocks Sink As Hawkish Fed Minutes Send Yield Curve Even Flatter

Stocks and the yield curve are lower – potentially signaling ‘policy error’ – after the minutes confirmed a Fed set on hiking rates no matter what…

Bonds, the dollar, and gold are relatively unchanged as stocks sink…

and the yield curve is pushing new lows…

But as is always the case, stocks are bouncing back (Russell 2000 now positive post-Fed)

 

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