STOCKS Stocks should have crashed on Friday after a blowout headline employment report, but they didn’t, states Joe Duarte, editor of In the Money Options. That’s because hedge funds and other investing ‘pros’ missed the recent bottom in stocks. Now they seem to be playing catchup. Fear of the Fed After Friday’s big payroll number, stocks sank as the buzz was that the Federal Reserve will raise interest rates by 75 basis points at its September meeting. And they well might. Yet, stocks recovered from their lowest levels.
