Friday’s Wall Street rally into the close of month end was the ultimate statement of the FED listens. Yes, only to the needs of the financial world as ULTRA CHEAP MONEY pushes equity prices ever higher in the search for yield beyond 50 basis points. The BONDS remain bid as short sellers live in fear of central bank intervention. When the 10- and 30-year yields begin to rise the FED speakers discuss the increased possibility of YIELD CURVE CONTROL, or YCC, making it difficult for any type of signaling mechanism to develop.
Posts Tagged ‘cheap money’
Notes From Underground: Friday’s Wall Street Rally?
May 31, 2020Notes From Underground: Are Markets Still the Place to Be? (CNBC)
April 10, 2014
Click on image to watch me discuss the markets, ECB and Mario Draghi.