First, I think there are opportunities here as stocks appear to be pricing in lending stress, but otherwise, falling rates tend to auger well for stocks over the long run. If economic growth remains healthy, a big if, mind you, stocks could eventually flourish. From a trading perspective, am I buying out of the gates tomorrow? No, it was a Friday singe fest on my reversion strategies, as recent rate volatility has been more challenging on both algorithmic and manual playbooks. What a difference a week makes. The FOMC enters this Wednesday’s meeting amidst historically high volatility in the front end of the rates ... (full story)