Inflation? What inflation?
- WTI plummets: down almost 5%; down $3.86; testing the $80-floor
- ten-year Treasury: remains under 1.6%; there were concerns that the TYT would trend toward 2% or worse; can't even get to 1.6% and hold
- talking heads not even sure there will be an increase in the Fed rate next year; certainly not in the first half;
- apparently Jay Powell says he does not "know" what "full employment" is. Agree completely. When there are ten million job openings and folks don't want to take them, that suggests to me, we have full employment
- yes, I know all the arguments: Covid-19; day care issues; yada, yada, yada
US equity markets:
- all three to blow away all-time records again?
- near the close:
- S&P 500: up 26 points; up 0.6%
- Dow 30: up 75 points; up 0.2%
- NASDAQ: up 150 points; up almost 1%
Fed action and notes on the Fed action today: link here.
No comments:
Post a Comment