Saturday, June 13, 2020
Inside Brex — stock rally shows cracks
After weeks of stock-market gains, there were signs this week of cracks in the rally. And Federal Reserve policymakers made clear they expect to hold interest rates near-zero through 2022 and that they see a long path to economic recovery. Major US stock indexes logged their biggest one-day loss since mid-March on Thursday before clawing back some ground in volatile trading the next day. As Bradley Saacks reports, some big investors have been calling for a reckoning or at least, pointing out that very little in the markets makes sense to them right now.
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