We heard from one Federal Reserve President today, whom offered a cautionary statement to markets. The Federal Reserve may have to “press harder on the brakes” at some point over the next few years, increasing the risk of a hard landing for the economy, New York Fed President William Dudley said Thursday. It should be…
Models are useful. They help us understand the world around us and aid us in predicting what will happen next. But it’s important to remember that models don’t necessarily reflect the underlying reality of the thing we’re modeling. The Ptolemaic model of the solar system assumed the Earth was the center of everything, but in spite of…...
Entering Thursday, U.S. equity Futures are flat to slightly higher as bond yields pull back from yesterday’s headlines in price. After the 10-yr U.S. Treasury touched 2.59% it has pulled back to 2.53% in early morning trade. As the Asian markets traded overnight, headlines surrounding China’s “U.S. bond policy” came into focus. China’s regulators pushed…
