Did The Fed just step in to replace the Trump premium as Junior's email dashes hopes of tax breaks further? Timing is certainly interesting...
Equities and Treasuries rose and the dollar sank after markets interpreted Chair Yellen’s testimony before Congress as dovish even as it echoed the most recent FOMC statement.
The rally was aided as the Fed chair made no mention of asset prices just a week after her comment that some looked “somewhat rich.”Yesterday's Trump-Junior-Dump was indeed a 'storm in a teacup' as a flip-flopping Yellen showed the way this morning by hinting once again at just how clueless The Fed is and that rates may not raise much from here...
Bitcoin bounced back notably - best day in 3 weeks, rallying before and after its cameo during Yellen's hearing...
And investors are buying bonds too...and gold...
Source : ZeroHedge
Disclaimer : This is not the real Tyler Durden. I read ZeroHedge every day and share the best articles about cryptocurrencies, politics and economy on Steem. You can head over to ZeroHedge's website for more content.