Does the Fed’s dovish turn signal further gains for stocks? Bond investors have doubts

February 4, 2019

The Federal Reserve’s unexpected, dovish pivot on monetary policy stole the show in the past week, cementing strong gains for the stock market — but analysts said doubts over the outlook remain.

“We’re as happy as anyone that U.S. stocks have rebounded, but we’re not mistaking the Fed’s easier stance for a sign the clouds have cleared,” wrote Nicholas Colas, co-founder of DataTrek Research, in a Thursday note.

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