The trope of the "stock market vigilante" is a tale told by an exhausted stock market, full of hope and yearning, signifying nothing.

bantam inc jack duval manhattan new york MFO UHNW OCIO family office - guardian angels image

These guys are back to protect your stock portfolio.

Rarely does the market ring a bell to signal a selling opportunity, but it did yesterday.  Fed Chair Jerome Powell announced the Fed would stop its interest rate hikes and consider slowing its balance sheet reductions. Equity investors, trained over the past 10 years to buy on Fed easing, gorged

on any and all equities, sending the S&P 500 Index up 1.58 percent.  They won’t taste as good coming back up. Bond investors, a less flamboyant type with a sensitive ear for risk, quietly gathered their things and left the party, which they know is over.  They bought bonds across…