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Olduvai III: Catacylsm
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“Everyone’s Praying But No One’s Believing” – The ‘Fed Put’ Is Dead

“Everyone’s Praying But No One’s Believing” – The ‘Fed Put’ Is Dead Chalk Outline Yellen’s detailed speech initially triggered an out-sized market reaction.  Unfortunately, it was mainly due to shallow market depth and weak-hand positions. The ‘risk-on’ trades that ensued seem driven by positional unwinds from short-term traders. These markets will likely reverse back to lower prices […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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