The much hyped speech of FRB Chair Yellen has come and gone with little impact. Yellen’s remarks were similar to that of the July FOMC Minutes which showed the Committee growing more aware that labor markets are approaching full employment albeit the “underutilization of labor...
Approximately 15-16 years ago the prevailing view on Wall Street is that the business cycle was dead. The global economies had entered into a New Paradigm where this newly created multipolar interdependent world would make war and conflict prohibitly expensive under the simple guise that...
Perhaps “the dog days of summer” is an accurate description of yesterday’s trading until a late afternoon geopolitical inspired rally that pushed equities higher. All markets were quiet, volume subdued, an environment perhaps amplified by the lack of any significant headlines until the 3:00 P.M...