I haven't even had time to read the minutes, but I have an idea what they say, raper soon.
Check out the QE sensitive assets and remember there's still the initial knee-jerk move to consider.
TLT Treasuries down
10 year Treasury futures down
30 year T futures down
the $USDX straight up
And the SPX/SPY down.
A perfect TAPER ON reaction. However, lets not react emotionally, let the dust settle and work from objective evidence.
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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