Wednesday, December 1, 2021

The Fed Is Finally Honest About Inflation — Just as It Starts Slowing

The stock market rally finally suffered substantial losses Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation?

The Fed Is Finally Honest About Inflation — Just as It Starts Slowing

December 01, 2021

My favorite quote from Federal Reserve Chair Jerome Powell's testimony Tuesday had me chuckling all morning Wednesday...

Pennsylvania Sen. Pat Toomey asked him, "How long does inflation have to run above your target before the Fed decides, maybe it's not so transitory?"

And Powell replied, "I think it's… it's probably a good time to retire that word and try to explain more clearly what we mean."

Gee, thanks, Jay… it's only taken you 18 months.

And Now It's Slowing

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A Watchlist for Slowing Retail Activity Amid Omicron Fears

November 30, 2021

Tuesday morning brought us both month-end as well as mixed messages... Markets fell overnight, rallied on Europe's open, then faded again as U.S. traders sat down at their desks.

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