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Tapping The Brakes
The doves were out Monday, and not a moment too soon for US equities which, despite a rousing two-day surge for the Nasdaq 100, were nevertheless relieved to close the book on a truly forgettable January.
The Nasdaq Composite came into the week on track for its worst opening month to a year in history. By the end of the session, the gauge was 3.4% higher, a ridiculous rally that spoke (rather loudly) to my weekend warnings about the perils inherent in pressing bearish bets with so much dry kind
Your deadpan humor is great!
The fomc is data dependent period.
H-Man, this entire scenario on hikes is liking watching the tide — it comes in, it goes out, it comes in, it goes out. It seems like March 18th is a few light years away. Meanwhile, back to watching the tide.
But every few years there’s a major earthquake on a nearby (or far away) subduction zone, and then a major tsunami washes several miles inland and causes unbelievable destruction.