Need to Know: Forget the Fed and just ‘follow the money’ to decipher what’s happening in stocks

The Fed can still throw a mean curveball — and that’s not the only thing we learned after the central bank’s minutes yesterday.

“Given the market’s whipsaw reaction, we could add another key takeaway — that recent heightened market volatility could be here to stay,” said Jasper Lawler, head of research at London Capital Group.

Stocks drove up, then pulled back, as investors puzzled over the minutes and bond yields climbed on the prospect of a faster pace of rate hikes. And it looks like there’s more of that zigzaggy action in store.

So maybe it’s a relief that our call of the day says we should just “ignore the Fed.

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