- Investors seek safety as $286bn poured into money market funds in March.
- The two-year yield has fallen by almost half a percentage point since the Fed's press conference.
- Different actors with different priorities behave differently, causing divergence between the Fed and the market.
- Commercial real estate is a growing worry for investors.
- Apple's loyal customer base makes it less vulnerable to recent tech stock dips.
The Fed and the market are both right
Also, more on CRE, and Apple vs Google
Robert Armstrong
