‘Violent’ Rates Shock Is ‘Gut Punch’ To Staggering Stocks

When you think high drama, you don't generally think data-less Friday in April. But these times of ours are unique. They're also trying. The final session of a vexing week was a minefield, as all 11 S&P groups retreated amid a few earnings mishaps and what I think it's fair to describe as policy panic -- among market participants, yes, but also among policymakers themselves. Days of aggressively hawkish rhetoric from US officials compelled at least one bank to adopt twin 75bps rate hikes