Yellen Testimony Overshadowed By Brexit, Soros Warns Of “Black Friday”

Janet Yellen trekked up Capitol Hill on Tuesday for her semi-annual Humphrey-Hawkins testimony. Frankly, it kind of feels like a snoozer. Here are some of the bullet points: WE DO HAVE LEGAL BASIS TO PURSUE NEGATIVE RATES NOT CONSIDERING NEGATIVE RATES BREXIT-RELATED FINANCIAL VOLATILITY COULD AFFECT U.S. I DON’T THINK RISKS TO FINANCIAL STABILITY ARE…

It May Be Time To Stop Blaming Central Bankers

“My message will be largely favorable, although recent developments have been mixed.” That’s it ladies and gentlemen. We’ve officially reached the nadir of Fed communication. Janet Yellen is now telegraphing what she is about to say in a speech which is itself ostensibly meant to telegraph something else. It’s a kind of bizarre evolution wherein…

Sleepy Monday Markets React To Yellen’s Friday Yellin’ Ahead Of Payrolls

Well, that escalated quickly. Markets are reacting precisely as one would have expected after two solid weeks of hawkish Fedspeak and it’s not entirely clear how everyone feels about things. Maybe it’s just because the holiday limits news flow as well as overseas volume, but there seems to be a palpable sense of caution in…

Here’s How One Bank Thinks You Should Trade The US Election

This week was, like last week, mostly about the Fed and about oil. Friday isn’t set to be any different as Janet Yellen will have what’s being billed as a “discussion” with Harvard econ professor Greg Mankiw at 1:15 ET. In a nod to central bank humility, the professor and the chair will talk “about…

What news will be a catalyst for the stock market?

Another critical time for the stock market. At this point one market catalyst can send stocks to new highs or to new lows. Let's look at some catalyst examples that are coming up that may dictate where stocks will be going for the rest of the year.

Which Came First, The Fed, China, Or Oil?

Last September, Janet Yellen adopted the now famous “dovish relent.” A little over three weeks earlier, China “shocked” the market with a “surprise” devaluation of the yuan. To be sure, no one should have been taken off guard. China is an export driven economy with a currency tethered to the dollar. As the dollar moved…