FED Announcement at 2:00 P.M.
Bloomberg wrote yesterday the NASDAQ 100 has outperformed the S & P 500 for 12 consecutive days through Friday, a streak matched just two other times in
Bloomberg wrote yesterday the NASDAQ 100 has outperformed the S & P 500 for 12 consecutive days through Friday, a streak matched just two other times in
Today is the commencement of the two-day FOMC meeting. I have been in the industry for 3 ½ decades and this is the first time that I can remember a FOMC meeting that has had such a
Almost one year to the day after the Federal Reserve launched its biggest rate hiking campaign in decades, all are trying to guess the central bank’s next step as
Equities surged on reports, which later proved to be correct, that major banks are in talks to bolster First Republic Bank. Short dated Treasuries fell in
At one time yesterday, the two-year Treasury—or the instrument most sensitive to monetary policy– was experiencing another 8 standard deviation move, the second such occurrence in
February’s jobs data is released at 8:30. How close are analyst’s projections? How much will January’s statistics be revised? The current spate of volatility that has
The data is continuing to exceed expectations suggesting the economy is still accelerating even after the most aggressive Fed in several generations. This view was acknowledged by
The recent volatility commenced with January’s unemployment data that far exceeded anyone’s estimates by a large factor. All are expecting revisions in the
Longer date bond yields appear to be realizing that inflation is perhaps here to stay. Term premium—essentially
Federal Reserve officials said interest rates will need to increase further and stay elevated into next year to curb inflation showing