Stocks Surge As VIX Crushed To 9-Handle Despite Fed Warning Of "Risks To Financial Stability"
It's crazy pills time again...
Post-FOMC Minutes, eveything was bid...
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FOMC Minutes Signal Rate-Hike "Soon", Economic Weakness Probably "Transitory" But Need "Evidence"
Having top-ticked US economic data with its March rate-hike, all eyes are on the May minutes to confirm the total lack of data-dependence now present at The Fed. The main focus of the minutes was on the 'normalization' of the balance sheet (since June hike odds are at 100%), which was confirmed with details of the plan revealed.
Trump’s Big Problems: Anemic Private Investment and Weak Productivity
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
Moving Closer To The Precipice
Authored by Pater Tenebrarum via Acting-Man.com,
Money Supply and Credit Growth Continue to Falter
Fed Warns "Vulnerabilities" From Elevated Asset Valuations "Pose Risks To Financial Stability"
In today's FOMC Minutes, Fed member issued yet another explicit warning to America's investing public (before they pull the pin on the balance sheet normalization) about asset valuations beiung "vulnerable" and also piling on once again that commercial real estate values were "elevated."
Of course, traders don't care and have bid stocks to the highs of the day.
The Fed's explicit warning that "vulnerabilities have increased for asset valuation pressures."