In the first settling of the markets after the initial surge after the FOMC announcements, bonds are still up, while equities seem to be settling down. Andrew McCreath lays out the bond catalysts, which include weak global growth, lagging recovery in housing, and risks of hitting 2% inflation in the U.S. Although the boost was undeniable, McCreath says there is no real change in the language in yesterday's FOMC releases, so this market bump is a little "ridiculous."
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