Friday, August 15, 2014

SADDLE UP


As we mentioned in "UPCOMING WEEK" the Fed holds its annual Jackson Hole Symposium this week all rip and raring to go with a fancy title, too: "Reevaluating Labor Market  Dynamics."

 The economic guessing is about to run amok. What will Fed Chair Janet Yellen say, more dovish gibberish or something traders can cut a few decent trades off? Or will she pull the hood off the bird of prey and unleash some hawkish language to the surprise of nearly everyone?

 Well, we probably got a little carried away there. So don't bet on it.

And what will prove the more meaningful of the two, the FOMC minutes from July 30 or the palaver at Jackson Hole?

What we do know is the Fed has a plan. And that's what scares the hell out of us.
t. man hatter

 

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