UDN - Last Week's Fed Meeting And Employment Data Send Conflicting Signals To Markets
After a wild three-month period from October through December in the stock market, January has been a month of recovery. The S&P 500 index recovered more than half of the losses sustained during the fourth quarter of 2018 which is a significant feat given the decline of over 21% from the October peak to the December bottom.
Stocks declined for a myriad of reasons during the three-months. The fear of rising interest rates on the short, medium, and long end of the yield curve caused some investors to shun stocks in favor of fixed income