It could be. But the market’s maturity is getting tested on Monday, and in the next few weeks, the ramifications of that likely hike are going to play out across the capital markets. The Dow is down more than 200 points, and the S&P 500 is off 25 points at 2074. The yield on the U.S. 10-year Treasury note rose as high as 2.37%, and most markets in Europe and Asia were in the red. The market may yet handle what the folks at Merrill are calling “Fedexodus,” but that isn’t apparent right now.
scarequotes commented on the word Fedexodus
http://blogs.wsj.com/moneybeat/2015/11/09/as-fedexodus-looms-big-stock-market-gains-may-be-behind-us/
It could be. But the market’s maturity is getting tested on Monday, and in the next few weeks, the ramifications of that likely hike are going to play out across the capital markets. The Dow is down more than 200 points, and the S&P 500 is off 25 points at 2074. The yield on the U.S. 10-year Treasury note rose as high as 2.37%, and most markets in Europe and Asia were in the red. The market may yet handle what the folks at Merrill are calling “Fedexodus,” but that isn’t apparent right now.
November 11, 2015
ry commented on the word Fedexodus
It doesn't have anything to do with FedEx?
November 11, 2015