The November market update discusses the Fed policy, profit cycle ahead, the broader market recovery, steepening yield curve, and more.
The Bank of America CEO’s perch allows a terrific view on economic trends as well as changes in trends. This morning, his remarks in a Bloomberg interview caught our attention. Quoting from the resulting article: “…[Bank of America’s] corporate customers are enthusiastic and already seeking funds to expand, according to Chief Executive Officer Brian Moynihan. Mid-sized […]
The weakness in the financial markets today is a result of Central Bank policy concerns: ECB Chief Draghi deferred (for now) on incremental easing measures Fed governor jawboning has driven up the odds of September rate increase (per chart below) Source: Bloomberg Interestingly, both stocks and bonds are down in value today. In contrast, volatility […]