Buy-The-Dip In Danger From “Politicians Who Want To Change The Liberal Order”

“Just as the Federal Reserve is finally taking the plunge, and as a new wave of politicians in the US and Europe look bent on redefining anything from haircuts and dress codes to the pillars of the Western liberal order, any talk of ‘mean reversion’ seems a bit out of sync.”

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Here’s What Changed: Fed Statement Redline, Word Cloud

Federal Reserve increases federal funds target range to 0.75% to 1%. Fed: inflation close to goal, refers to target as ‘symmetric’ Fed officials seeing 3+ hikes in 2017 rise to 14 from 11 Fed officials seeing 4+ hikes in 2017 unchanged at five Fed: median federal funds est. 1.4% end-2017, unch. vs dec. Fed: median…

Behind The Curve? “Pussy-Cat” Yellen Confronts “Largest Dovish Policy Deviation Since The 70s”

Some folks will be talking about the Fed today. In just a few hours we’ll get a hike, but once again, it’s all about the messaging. Any kind of dovish lean would be a (bigly) surprise. What’s got some people spooked is the possibility that, in their rush to prove they aren’t behind the proverbial…

“What Blizzard? It’s A Couple Of Flakes”: Markets In Cryosleep Ahead Of Snow, Fed, Geert

Welcome to day 2 of 2 in the pre-Fed, pre-Dutch election market cryosleep. Overnight we got some econ data out of China that looks good right up until it doesn’t. Here are the numbers: CHINA JAN.-FEB. FIXED INVESTMENT RISES 8.9% Y/Y; EST 8.3% CHINA JAN.-FEB. INDUSTRIAL OUTPUT RISES 6.3% Y/Y; EST 6.2% CHINA JAN.-FEB. RETAIL…

The First Week Of The Rest Of Your Life

Welcome to the first week of the rest of your life. By now you all know what’s coming and if you don’t, well, you can review the HR weekend reading or you can simply scan the short version here. Overnight, the action found the dollar adrift (although it did bounce a bit later in the…