You may recall this week me saying the market seems very split, we even had to look at some indicators we don't usually use for market direction like Credit on Tuesday, the Euro yesterday, etc.
In looking at the Risk Asset Layout today, nearly the same identical thing, credit for the most part like HYG, except High Yield (which is weaker than the SPX) is in line, almost all of the risk asset indicators have moved to a neutral/inline stance.
It seems these minutes are very important and has the market on edge waiting to see what's in them.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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