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To Navigate This Market, We All Must Become Yield Curve Specialists

Maleeha Bengali

If one ever had a desire to venture on roller coaster rides, there is no need to go as far as to visit Six Flags, just watch the U.S. equity market. A week ago, Fed Chair Powell's speech -- suggesting that the Fed is closer to the neutral rate -- gave the market a lot to cheer for as they finally got the cue that perhaps the Fed was done raising rates. The dollar fell and the S&P 500 rallied 3%.