Fed's Massive Pivot Biggest Surprise for Yields, Hogan Says

The video discusses recent changes in US and German bond yields, highlighting the Federal Reserve's shift from a hawkish to a dovish policy stance. It examines the Fed's move away from forward guidance to a data-dependent approach, and its implications for interest rates. The video also explores investment trends, particularly in utilities and financials, and considers the potential for rate hikes in 2019. Additionally, it addresses the influence of Stephen Moore's nomination to the Federal Reserve on market expectations.

What significant change did the Federal Reserve make in its approach to interest rates?

• They decided to fix the interest rates for the next two years.

• They increased the interest rates significantly.

• They removed forward guidance to become more data-dependent.

• They announced a new quantitative easing program.

How does the Federal Reserve's data-dependent approach affect the possibility of rate changes in 2019?

• It eliminates the possibility of any rate changes.

• It guarantees a rate hike by the end of the year.

• It makes a rate cut more likely.

• It allows for both rate hikes and cuts depending on economic data.

What is the concern regarding the rush into dividend darlings like utilities?

• They are yielding less than 3% and are overvalued.

• They are yielding more than 5% and are undervalued.

• They are not affected by interest rate changes.

• They are the safest investment option available.

What is Stephen Moore's stance on interest rates?

• He proposes a gradual increase in interest rates.

• He suggests lowering interest rates by half a percentage point.

• He believes rates should be increased immediately.

• He wants to maintain the current interest rates.

How might Stephen Moore's nomination to the Federal Reserve affect market expectations?

• It will cause a significant drop in market confidence.

• It might influence the narrative but not change policy alone.

• It will have no impact on market expectations.

• It will lead to immediate policy changes.