Steve Sosnick, Interactive Brokers’ chief strategist, explains how the stock market and the bond market are telling two different stories.
Money seems to be flowing into both markets but for opposite reasons.
Photo Editor: herval via Flickr Creative Commons
While the Fed’s communication toolkit has steadily expanded since 2000—from formal post-meeting statements to press conferences and quarterly projections—a deliberate rollback of forward guidance could reduce policy transparency but also curb market misinterpretations that have plagued rate forecasts.
Stocks ended the week with a strong gain as traders continued to focus on tariff talks while appearing to overlook upbeat news on inflation.
New Fed Chair Kevin Warsh is already reshaping policy communication by reducing forward guidance, questioning the dot plot’s future and emphasizing real-time data, potentially increasing Treasury market volatility.
Last night 60 Minutes presented a rare interview with Vegas legend Billy Walters, who’s made hundreds of millions of dollars as a […]
