Excerpt from MarketWatch quoting DataTrek’s Nick Colas:
…. “The Federal Reserve’s unexpected, dovish pivot on monetary policy stole the show in the past week, cementing strong gains for the stock market — but analysts said doubts over the outlook remain.
“We’re as happy as anyone that U.S. stocks have rebounded, but we’re not mistaking the Fed’s easier stance for a sign the clouds have cleared,” wrote Nicholas Colas, co-founder of DataTrek Research, in a Thursday note.
In a statement, the Fed, which raised interest rates four times in 2018, signaled Wednesday that it’s on hold until further notice. In a separate statement, it also signaled it might slow the pace of the rundown of its balance sheet for technical reasons”….
Read the full article here on MarketWatch!