Convergex's Colas: Tear Up the Playbook on Rate Hike

The transcript discusses the unexpected economic data affecting the Fed's decision-making process, particularly regarding interest rate hikes. It highlights the disconnect between the Fed's previous narrative and the current economic reality, especially in the jobs market. The impact of global events, such as Brexit, on the Fed's decisions is also examined. The discussion concludes with an analysis of market reactions and the economic outlook, emphasizing the role of bond yields in supporting equities despite sluggish growth.

What are the potential consequences of the Fed's focus on geopolitical issues like Brexit?

Discuss the implications of the recent job market report on equity valuations.