Balyasny Notes Fed Trend Change: Yellen No Longer Providing Insiders Info, Ready With Subtle HedgesMark Melin
A confidential strategy document from Balyasny Asset Management notes an interesting benchmark in U.S. Federal Reserve history: Fed insiders attending an elite event in Jackson Hole, WY, typically accustomed to getting an “early warning” with subtle indications as to forthcoming Fed policy, might not be getting inside information under Yellen’s reign. The strategy document was positive on Greece but did note troubling dichotomies pushing the markets in odd directions while observing an important correlation among recent Fed speakers. This occurs while the generally . . .
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