Rally Hopes Crumble as Powell’s Rates Reality Hits Full Force
- Investment environment has changed: Saxo Bank’s Fournais
- Treasuries, stocks, DM and EM currencies tumble Monday
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The rally that has bolstered risk assets over the past month was just a blip in a bear market that is likely to worsen from here.
That’s the view of investors who seem to be finally getting the message that a resolutely hawkish Federal Reserve and central bank peers are planning to raise interest rates at all costs to combat the hottest inflation in a generation.