‘Massive Days Ahead’ With 2% Seen As Correction Trigger For Stocks

‘Massive Days Ahead’ With 2% Seen As Correction Trigger For Stocks

There are "massive days ahead," Nomura's Charlie McElligott said Tuesday, as the March FOMC loomed large on the horizon. The tension between the Fed and the bond market was palpable (to say the least) headed into this week, and any pre-Fed "calm" was probably better characterized as a kind of nervous paralysis. Or, better still, an old-West-style staring contest at high noon. As discussed at some length in "Until Something Breaks?," there are multiple dynamics in play, from the backup at the l
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