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“Policy Error”? Yield Curve Flattens Dramatically, Stocks Slide After Fed Rate Cut

Courtesy of ZeroHedge. View original post here.

The market is not exactly screaming its excitement at The Fed's rate-cut, especially bank stocks…

The market is still demanding 1.5 more rate-cuts by year-end…

Bonds (at the long-end) are rallying, along with the dollar and gold very marginally…

The long-end is rallying hard…

As the short-end sees yields rise…

With the yield curve flattening dramatically…

And stocks are down…

Get back to work Mr. Powell


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