Big Tech, Bonds, & Bitcoin Bounce As Yield Curve Inversion Deepens

Barely any US macro today (Richmond Fed marginally worse than expected), but China Zero-COVID chaos and a double whammy of hawkish FedSpeak (though the market seemed shocked by the fact that The Fed will not be hiking rates at 75bps a click forever)… Mester: “Given the high level of inflation, restoring price stability remains the […] Source