The Fed is prepared to tighten further if appropriate, according to Powell. Andrew Brenner discusses the path ahead for the Fed. He previews the next FOMC meeting which will take place December 12-13th. He questions if the “everything rally” is on deck, as the 10-year treasury yield is at its lowest point since September. He talks about how credit remains on fire, with IG CDX at 62 and HY right at 400. He also highlights that equities are a bit concerning. Tune in to find out more about the stock market today.
Market On Close
01 Dec 2023
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