The Fed Decision and the Market Reaction

The morning papers will tell you that the Fed made a decision and the market rallied by 4%.  Causation will be implied, even when not explicitly stated. For most of the punditry the interpretation of these stories is seen through the prism of their opinions.  Forget the data! The initial reaction to the Fed decision […]

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Weighing the Week Ahead: A Time of Tension

World tensions continue to mount.  Economic data were soft, yet the market rallied.  How can this be? There are many skeptics of the most hated rally in history.  Conspiracy theories abound.  Anyone who is not a regular, loyal, and convinced reader has missed this rally.  If they remained on board (judging from emails and calls) […]

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