Sic transit gloria mundi
According to this latest irresponsible, crackpot theory, the Fed would then introduce a massive QE4 at the December FOMC.... because the S&P 500 will be sitting at 800. That's exactly where this crossing of the megaphone projects. And, yes, the Fed move will be in the face of the incoming Trump Administration.HRC began her political career by accepting a $100K bribe. She simply cannot win the 2016 contest.
Bryan, Bicycle --I grant you both power of Attorney to pull the plug on me if I am in a vegetative state from all this, should it never ever end.
Equities and Bonds have become quite correlated over 15 minute and hourly intervals. Usually they are anti-correlated over those intervals.
This is gonna end pretty soon. Yellen basically just said that whatever they do depends on the outcome of the election. Trump = rate increases, Clinton = massive QEShe admitted that she doesn't know what to do, and that the formerly middle class now controls the Fed policy with their vote. If this voting group realizes this prior to Nov..."When Dorothy and her friends meet the Wizard of Oz again, Toto tips over a screen in a corner of the throne room that reveals the Wizard. He sadly explains he is a humbug—an ordinary old man who, by a hot air balloon, came to Oz long ago from Omaha. The Wizard provides the Scarecrow with a head full of bran, pins, and needles ("a lot of bran-new brains"), the Tin Woodman with a silk heart stuffed with sawdust, and the Cowardly Lion a potion of "courage". Their faith in the Wizard's power gives these items a focus for their desires. The Wizard decides to take Dorothy and Toto home and leave the Emerald City. At the send-off, he appoints the Scarecrow to rule in his stead, which he agrees to do after Dorothy returns to Kansas. Toto chases a kitten in the crowd and Dorothy goes after him, but the tethers of the balloon break and the Wizard floats away."https://en.wikipedia.org/wiki/The_Wonderful_Wizard_of_Oz
The Emerald City thereafter collapsed in the ensuing decades from rampant deflation. The Yellow Brick Road was dug up piece by piece and hoarded by the populace
People just realizing that the FED was never really independent?
This is the denouement of the baby boom...sing it Judyoops i mean sing it Judy
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