Key to its decision is whether inflation – down sharply since hitting a multi-decade high in 2022 – continues to close in on the Fed’s long-term target of 2%.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of