Quants Stock Trades Are Breaking Away From Bonds

All through the pandemic era and its aftermath, Jerome Powell lived rent-free in the heads of Wall Street stock traders.

As he cut interest rates to historic lows and then again when he ramped them up to decade highs, money managers sweated over his every word and deed – buying or selling shares in line with their supposed sensitivity to monetary policy. That drove the fortunes of practically all investment strategies — and none more so than two equity trades known as value and growth.

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