On yesterday’s Fed

On yesterday’s Fed

The ever balanced Mr Duy posted a perspective that I found rational.

Heisenberg posted on the conflicting investment bank perspectives.

Today’s stock and bond markets responded after digesting the nuance and parsing … My personal perspective is that Powell may have dug himself out of an ugly hole into something more like normal; two key risks remain: a) liquidity in the technical plumbing as folks like to say, and b) non-predictable outbursts from maniacs with too much public air time.

‘Diligence and caution’ is the mantra going forward for risk-averse portfolio managers like me …

Leave a Reply

Your email address will not be published. Required fields are marked *