STPP - Notes On Friday's Meltdown: Don't Let It Fool You

To my best knowledge and years of experience in the markets, the Friday's unnerved session is just that, an anxious day after what seems to be a U-turn by the Fed. I am an old-school macro-guy. That means that when the Fed signalizes a dovish stance, I see it as a positive for stocks. If last year's interest rate hikes brought us several bloody trading days, then this year's dovishness will likely bring interesting rallies.

Obviously, there are some important things to consider. One of them is the fact that the yield curve has inverted.

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