Surveillance: Fed Game Plan with Dudley
Bloomberg Surveillance
00:00
What Are the Biggest Inconsistencies Right Now in Markets?
The US equity market is fighting the Fed big time. There are some major disconnects in how the equity market is positioning itself. We saw a huge short covering rally, we saw a low quality dimension to the rally. And now most recently we've seen cyclicals outperforming more defensive stocks. Almost all the cyclical linked indicators, meaning recession linked indicators like the index of leading economic indicators, has really plummeted. It's disconnected from this cyclical performance.
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