The Oscars, the Grammys, the Emmys, the Tonys, and the Kansas City Fed Monetary Policy Symposium.......What do these annual events have in common? In each of their respective industries they have become THE annual event everyone looks forward to.
In the financial markets the Symposium is simply known as
Unlike the January employment report, the April report did not have any blatant data points that caused a “crash”. With average earnings only rising 0.1% myopic market participants celebrated the lack of wage inflation, hoping this will allow the Fed to take a few more months off
Since the beginning of February stock & bond market participants have been spooked by the prospects of inflation and the impact it could have on investment returns. Last week’s “Chart of the Week” examined the longer-term trend in inflation measurements. The conclusion was yes it is
A couple weeks ago when the market “crashed”, falling 10%+ in less than 8 days I introduced an analogy to describe what happened:
Too many people were speeding
The analogy I often use is this. If you’re on a road trip, you may decide
