The markets had been starting to price in an expectation of a rekindling of inflation to levels not seen since the 2008 financial crisis. Fed chief Jerome Powell put a stop to that.
source https://www.smh.com.au/business/markets/fed-chief-disrupts-the-sharemarket-s-great-rotation-20210224-p575dj.html?ref=rss&utm_medium=rss&utm_source=rss_feed
source https://www.smh.com.au/business/markets/fed-chief-disrupts-the-sharemarket-s-great-rotation-20210224-p575dj.html?ref=rss&utm_medium=rss&utm_source=rss_feed
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