Tag Archives: Sam Wardwell

Market Volatility? “NOP”, says the Fed.

As expected, the Fed did not change policy at its meeting last week, as the “dot plot” shifted downward – closer to, if still well above, the levels priced into the market. In the press conference, Fed Chairman Janet Yellen … Continue reading

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No Soothing Words for the Markets Last Week

No Greek deal was announced, but the can was kicked down the road for a few weeks. Bond yields rose globally; comments by key leaders didn’t calm the markets. ECB President Mario Draghi reaffirmed the organization’s commitment to quantitative easing … Continue reading

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Something for Both Hawks and Doves in Latest Jobs Report

Nonfarm payrolls came in above expectations last week as they rose by 280k. The prior months were revised up by 32k. The news jolted the bond market, pushing yields higher (see my recent post for more details on the markets). … Continue reading

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June Rate Hike Said Unlikely as Economy Improves

If The Fed Chair Speaks Late On a Friday Afternoon Before a Long Weekend, Investors Should Still Listen If the economy continues to improve as expected, the first hike will come in 2015: “It will be appropriate at some point … Continue reading

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A Reminder that Low Liquidity Breeds High Volatility

After trending lower through mid-April, the Euro and EZ sovereign yields began a sharp counter-trend rise. That ‘mini-trend’ continued powerfully through mid-week, then partially reversed. The timing of the inflection points and severity of the moves suggests that profit-taking, the … Continue reading

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