As I mentioned earlier in the week, I think last week as well, the market will front run the F_E_D, I think everyone's a bit nervous about the minutes from the last F_O_M_C meeting to be released tomorrow at 2 p.m., Bernie will be the 5th F_E_D speaker this week to try to pre-empt whatever is in the minutes that is so damaging and is creating fear among F_E_D members themselves. I have an idea of what it is, but you know that already.
I believe this is why risk has been under distribution quite clearly.
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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