The market is sending the Fed a message
The market hasn't liked the hawkish comments from Rosengren and Williams in the past two days. They came despite the weak ISMs and softish jobs report.
Brainard is up on Monday and the market is sending her a message that there will be some serious kicking and screaming if the Fed keeps thinking about hiking rates.
Also don't underestimate how quickly a dip in stock markets can turn into a rout. Everything is being sold at the moment and that's a big vote of no confidence. Sometimes it can get ugly into a Friday close and if it does, it almost always extends into Monday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.