Volatility has fallen to pre-pandemic lows and a Goldman Sachs Group Inc. Stocks jump, bond yields fall, and a dash ensues among equity speculators into shady corners encompassing everything from meme fliers to crypto and profitless tech. Time and time again, speculation breaks out that the Federal Reserve is poised to ease monetary policy soon enough - spurring even cautious investors to erupt in a spasm of cross-asset buying.
(Bloomberg) - For all the bullish milestones notched by November’s big market surge, recent history offers Wall Street a lesson in caution.
