LOCKED & LOADED by Jimmy C. Chang, CFA, Chief Investment Strategist and Senior Portfolio Manager at Rockefeller Capital Management
Those who sold in May and went away were hit with seller’s remorse in June. The sharp drawdown in May was erased as the S&P 500 Index gained 6.9%. Make no mistake, it was all about the Fed’s further pivot to the dovish side. Inflation expectations in most developed countries continued to drift lower, and … Continued