In the past year, the Federal Reserve Bank has aggressively raised interest rates in response to high inflation, which peaked at 9.1% last year but has since reduced to 3%…
S&P 500 refused further decline, but picture is far from impending rebound strength. One though can‘t get rid of the impression from Kashkari‘s speech (the Fed is happy about the…
S&P 500 cratered as Powell indeed delivered credibly, and the markets were surprised even though his speech merely confirmed the known positions – albeit using strong and direct language such…
S&P 500 rejected shallow downside, and easily continued pushing higher – bonds aren‘t turning risk-off, but HYG is getting into an extended (vulnerable) position. So far, markets have largely ignored…
S&P 500 did another daily reversal, but the bears haven‘t yet won. The risk-on in stocks hasn‘t been broken as value demonstrates, but bonds are getting the macro picture right,…