Fed Signals More Rate Hikes As Markets Remain Resilient Despite Bond Market Risks
• Fed dot plots drifting higher, projecting more rate hikes this year and next
• Biggest risk is coming from the bond market - yield curve inversion approaching record length
• Equity markets resilient, driven by strong economic data and broadening global participation
• China macro data better than expected; companies beating estimates and announcing buybacks
• Bull market continues barring a bond market selloff; broadening to sectors beyond tech