Wednesday, June 14, 2017

post-Yellen post


Calculated Risk - 25bp rate hike. The only one voting against was Neel Kashkari, who if you remember I was very nasty about a few years ago but who turns out to be the only one on the Fed board who has sufficient common sense.

Gold miners get hammered on a 0.25% rate hike, but what's really weird is people selling SPY down on Yellen's statements.

It's as if it's a dudebro fad or something. Like getting a barbed wire tattoo.


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