The Fed merely discussed the option of hiking rates and the market threw itself into a lit fireplace, wrapped in flammable outer garments. Unbeknowst to Yellen’s Fed, apparently, their bosses (the stock market) are saying there is only a 24% chance of a hike in September and a 57% chance of it happening in December.
Bear in mind, the Fed has NEVER hiked rates without the probability being at 100% beforehand. Ergo, there isn’t a chance in red fucking hell that the Fed will hike rates and live to talk about it.
Ellen Zentner, Chief Economist at Morgan Stanley, thinks the Fed is ‘itching to move’, mainly to justify their existence on the planet Earth. But, ultimately, will bend to the caprices of the market and back the fuck down.
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Word to the wise… When the market gets killed on a Friday, the Monday following it is even worse…
In other words, sell your longs and get short.
interest rates are rising cus defaults and delinquencies are rising. the fed does not control anything they are reactionary in crisis and complacent during growth.
No way in hell this move was caused by our fed, your mistaken. This move of rates shooting up higher was caused by Draghi and Kuroda not adding more stimulus. They were in fact the spark that waiting to be lit.
Agree 100%
The Fed will try but fail to get a hike in this year. There’s a trade however between the sesaw action in the markets which will oscillate between a outlier trump win. Ultimately he won’t win but the markets are too relaxed with the incumbent