The rally is fizzling out and any further strength will be limited, Naeimi said at the end of last week. While the market is pricing in renewed expectations that the Federal Reserve would diverge from other major central banks by tightening policy aggressively, the U.S. central bank raised rates only once this year compared with its own earlier forecast of four increases, he said. Futures traders see only two quarter-point moves in 2017 even thought the Fed is calling for three hikes.