Here are the mostly likely scenarios and impact on stocks and bonds.
It makes a lot of sense for the Fed to wean the market off its reliance on explicit forward guidance, but it won't be easy.
Why I'm very bearish on the long end of the yield curve and how to play it.
There are a number of important questions stemming from this series of events.
Markets are at risk of ongoing balance sheet and risk reduction, where both stocks and bonds do poorly.
Let's face it, the numbers aren't great and the trend is bad.
Bonds are an interesting trade right now.
Last week's repo spike is just the most spectacular example of a long simmering problem.
it seems that consensus is to interpret anything that can be viewed as bad, as actually bad, and anything that could be good, as an aberration that will soon become bad.
Like central bankers, the equity markets seem oblivious to weakening global economic conditions that indicate a recession already is here.