MOVE Index vs. S&P 500
The S&P 500 has been trading inversely to rate volatility. Warsh’s conventionally hawkish tone lowers the odds of catch-up tightening, which should help anchor rates vol and give stocks a tactical tailwind.
Image: BCA Research
The S&P 500 has been trading inversely to rate volatility. Warsh’s conventionally hawkish tone lowers the odds of catch-up tightening, which should help anchor rates vol and give stocks a tactical tailwind.
Image: BCA Research