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  • Yields Surged, Stocks Tumbled after Fed Powell, Dollar in Half-Hearted Rally
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Yields Surged, Stocks Tumbled after Fed Powell, Dollar in Half-Hearted Rally

Stock Hedges 2 months ago 1 min read

Fed Chair Jerome Powell’s lack of concrete hint on action against rising nominal rates sent treasury yield higher, and stocks lower overnight. Dollar rode on risk aversion and jumped sharply higher. Nevertheless, the greenback’s rally was concentrated against Euro, Swiss Franc and Yen only. Sterling, Canadian, and Australian are indeed still rather resilient. In particular, […]

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