Posts Tagged ‘Fed Chair’

Notes From Underground: What Turned the Markets On Friday?

November 7, 2021

The U.S. and Canadian unemployment data both were somewhat stronger than expected. The markets were trading in focus with the robust U.S. data — equities higher, DOLLAR firm, and bonds trying to adjust in the face of the FOMC‘s tapering plans.

Things took a turn around 11 a.m. eastern time. The precious metals began a ferocious rally, bonds rallied, and all the currencies began to rally actually closed higher on the day even as European interest rates moved similar to the U.S. and equities dropped from their all-time highs. What could’ve been responsible for the moves on a day of good data and, more importantly, the prevailing sense that the Biden White House was FINALLY going to get its infrastructure bill.

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Notes From Underground: Him Or Me, What’s It Gonna Be?

October 24, 2017

President Trump is the ultimate drama queen. The president is drawing out his FED selection as he titillates the markets with the drips and drabs as to who is the most probable choice. Here is my best guess: Because this president reminds the nation how great he is doing using the stock markets as the barometer it would follow that his choice would be the best one for keeping equity prices elevated. Kevin Warsh and John Taylor would be a problem as the equity markets would become cautious for fear of short-term interest rates rising at a quicker pace. It seems that Jerome Powell and Janet Yellen would be the ones to sustain the current stock rally as they are known entities to the Wall street contingent. Of course the ultimate booster of all asset classes would be Neel Kashkari, the latest dissenter to the previous rate increases in 2017.

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