From Bloomberg:
I now understand this graph.
"A" in the graph below: similar patter to "C".
"B" in the graph below: close but no cigar.
It look like it would be a rational move to build a cash position if we see "B" next year. Jay Powell says he would prefer not to "rock the boat."
On another note, there has been a lot of chatter about rising interest rates -- let's see the historical data for the "Fed fund rate":
Not particularly concerning.
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The Political Page
One of the biggest days -- maybe the biggest day -- on Wall Street, considering the entire year and what today's market news reflects -- and on the home page of The Los Angeles Times, it's not even mentioned.
No links. Not worth the time.
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