Bruising Stock Reversal Shows How Fed’s Pivot May Come Too Late
- Study shows first rate cut usually heralded stock losses
- Investors ‘myopically painfully focused on Fed,’ says Weiss
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For many investors, December has been a shocker in the stock market. After getting sucked in by a rousing seven-week rally, they’ve now had to watch as the S&P 500 posted the longest stretch of down days to begin a month since 2011.
None of it is particularly surprising to Rich Weiss.