YCC

Corrective Forces Still Seem in Control Ahead of the FOMC Outcome

Overview:  The pullback ins US shares yesterday has not derailed the global advance.  Japanese and Chinese markets were mixed, the Hang Seng slipped, and Indonesia was hit with profit-taking, but the MSCI Asia Pacific Index eked out a small gain.  It has fallen once past two and a half weeks.  The Dow Jones Stoxx 600 …

Corrective Forces Still Seem in Control Ahead of the FOMC Outcome Read More »

Fed Moves Back to Center Stage as Transmission Mechanism is Challenged

The Federal Reserve moves to center stage next week.  Outside of the US and Chinese inflation measures, it looks to be a relatively light week in terms of high-frequency economic data. Investors are still ruminating over the surprising jobs report (gain of 2.5 mln jobs vs. forecasts for 7.5 mln loss).  Yes, there were classification …

Fed Moves Back to Center Stage as Transmission Mechanism is Challenged Read More »