Business

After years of listening to Bernanke and then Janet Yellen, it is no surprise that some have finally snapped, as Bank of Tokyo-Mitsubishi UFJ's Chris Rupkey appears to have done in his post-Yellen, post-mortem.

Breaking economy news. If you were looking for a signal that a Fed rate hike was imminent, you would be hard-pressed to find any urgency to respond with a Fed rate hike on March 15 in Fed Chair Yellen's Chicago speech today.

 

It's Friday, which means Wall Street is patiently waiting for what has become a novelty tradition in close of week trading: a late day ramp, starting around 3:30pm and picking up speed into the close.

Following unconfirmed sources earlier warning about a major capital raise for the world's most sysetmically dangerous bank, Bloomberg reports that Deutsche Bank AG is nearing a plan to boost capital by more than 10 billion euros ($10.6 billion) through an equity offering and the partial sale of its asset management unit, according to people with knowledge of the discussions.

Following Yellen's speech which did not throw any curve balls to this week's sharply revised, hawkish narrative by her FOMC peers, a March rate hike - according to Goldman - appears to be in the books. In a note moments ago by Goldman's Jan Hatzius, the investment bank said that the bottom line is that "Fed Chair Yellen said today that a rate increase at the March FOMC meeting “would likely be appropriate”, as long as incoming data continue to confirm officials’ outlook.

Via Axel Merk of MerkInvestments.com,

With seemingly everyone from the blogosphere to the Tweeter-in-chief chiming in on fake news, have investors considered their risk/return profile may also be “fake”? When it comes to investing, who or what can we trust, is the market rigged, and why does it matter?

For eight years in a row now, an investment in the S&P 500 has yielded positive returns. In recent years, expressions like “investors buy the dips” and “low volatility” have become associated with this rally.