Investors can fight the Fed all they want. Don’t fight the tape
Ignoring the Federal Reserve’s determination to keep raising rates and hold them there is a wildly profitable trade on Wall Street right now. It’s trying to swim against the rising market that carries risks.
By Jessica Menton / Bloomberg
“Fighting the Fed” has actually been a winning stock-market strategy for months. The S&P 500 Index is up 15% since the start of the fourth quarter and 16% from its October low, putting it within s m triking distance of the 20% threshold many investors define as the start of a bull market.
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