Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Fed bet is upon the public equity market. The wagers were placed by investors over the last six months while artificial intelligence continued to preoccupy market watchers. The move into interest rate sensitive sectors has created Fed risk: the possibility of a selloff if FOMC action this week disappoints the stock market. Disappointment may be inevitable.
There has been a noteworthy rotation away from not only the speculative, high-growth-potential segments tracked by the Rabid Capitalist but also the technology sectors. Technology stocks have been overtaken by interest-rate sensitive investments as top performers over the last six months.
Complete content is available for a $15 monthly subscription. Click here to subscribe:
The Rabid Capitalist 
Leave a comment