Once again, today is Payrolls Friday. Today’s jobs data is the most important monthly economic data point. Even more so these days, since the all-powerful Federal Reserve committee has pinpointed jobs as the leading consideration …
Continue readingTim Duy
Yesterday’s FOMC release was not much of a surprise. I viewed the broad price action (stocks, bonds, commodities down, dollar up) following yesterday’s release as more likely due to complacent positioning than a real reaction …
Continue readingAs I perused the calendar of events for this week, I was surprised to see that Bernanke was speaking again this week. He will be testifying in front of Congress on Wednesday and Thursday. The …
Continue readingWhen the S&P 500 stayed above 1400 after hovering around the level for most of the first half of August, it seemed inevitable that the index would break to new highs. Yesterday, it finally did, …
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