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There will be three large Treasury settlements on Tuesday, Thursday, and Friday. One can only make an educated guess as to where the funding will come from. Will the reserves take a hit?
Janet Yellen, the Fed’s No. 2, is one of three voting Fed policymakers to make a possible case for QE3, which would be seen as a positive for the stock market.
The current Chair has a knack for making more market-friendly comments than his predecessors or many of his global peers, a trait that can be attributed to his ‘Goldilocks’ mentality, which is focused on what can go right.