The stock market incorrectly priced in dovish Fed pivots 6 times in the last few years. Will this 7th time be any different?
Recent inflation data has convinced markets of a dovish pivot by the Federal Reserve.
But the market wrongly priced in a looser stance at least six times in the last few years, Deutsche Bank wrote.
While this time could be true, inflation is hardest to combat in the final stretch, analysts warned.
The stock market has been on a tear over the last month on hopes…