Most people in this business only talk about their winners. I have been doing this for 30 years. I have had losses. Real ones and well, the kind that cost money and time. Most people in this industry bury those stories. Nobody builds a personal brand on the trade that did not work. Here is…
The Fed, the bond market and a difficult balancing act
Over the last couple of years, investors have looked to the annual Jackson Hole meeting for clues about where interest rates and the markets might be heading. The formula was fairly straightforward. Listen to the Fed Chair, look for a hint, and then watch the markets interpret every word. This year was a little different….