Michael Cloherty
Michael Cloherty
behind factor main
The real has been the main factor behind this rally.
decline equity european following happen huge markets stocks
There is a lot of following stocks around today. That was the big thing after the huge decline in the European equity markets - there was a lot of nervousness about what would happen in the U.S.
average below effective exists funds percent rate softer throughout
Yesterday, the Fed's effective funds rate, the average of the funds rate that exists throughout the day, was 1.25 percent, way below their new 3 percent target. Today, it's even softer than that, below 1 percent.
value yields
Yields have cheapened up, but if the Fed's going to go further, they still may not have value at that level.