FOMC: Tightening Starts When? Just Draw 45 Degree Line By David Markel CFA of alephblog.
This will be short, because in this case, as picture is worth a thousand words. What sent the market lower today? This:
Corsair Capital, the event-driven long-short equity hedge fund, gained 6.6% net during the second quarter, bringing its year-to-date performance to 17.5%. Q2 2021 hedge fund letters, conferences and more According to a copy of the hedge fund's second-quarter letter to investors, a copy of which of ValueWalk has been able to review, the largest contributor Read More
The likely time for FOMC tightening shrank today, despite the many words saying that nothing was different. This is the first time since the Fed started giving enhanced guidance that the time for tightening actually moved backwards (closer to the present). Should we be surprised that long bonds fell, and equities less so?