Interpreting the Fed’s Dovish Pivot
This article was originally published on ETFTrends.com.
By Hillswick Asset Management The opening Quarter of 2019 offered the rare experience of seeing both risk assets (such as stocks and junk bonds) and safe assets (such as Treasuries) rally simultaneously. This unusual pattern can only be explained by understanding that those markets were interpreting the Fed’s dovish pivot in completely different ways. The Treasury [...]