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World Stock Markets Trading Discussion - Delicate denouement


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RHINO (rate hike in name only), sounds about right :D

 

Again, it’s the same pattern as prevailed all throughout the first half of 2015. There was uncertainty about monetary policy and any effects on the shorter ends while growing and more serious economic concerns overwhelmed any of those in the outer maturities. The liquidations brought the two sides together into RHINO (rate hike in name only), demonstrating once again (just like the middle 2000’s and Greenspan’s “conundrum”) how much influence the Federal Reserve actually possesses.

 

 

http://www.alhambrapartners.com/2016/06/09/warning-of-a-warning-crossing-february-11/

 

In other words, once more it appears that funding markets are trading as if the Fed can only make a bad situation worse. That these futures prices are higher than February 11 already further suggests just how “bad” the baseline might be.

 

 

No wonder. Markets are much smarter than any team of central planners.

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