There are knowns and there are known unknowns, former US Defense Secretary Donald Rumsfeld uttered in February 2002. The man who advocated for an invasion of Iraq was involved in a known unknown himself when the George W. Bush administration stated that Iraq possessed weapons of mass destruction. Looking at interest rate policy and potential risk around the world, Bank of America Merrill Lynch considers the “Known Unknowns” going forward. They include a heavy dose of interest rate rise introspection, the bank report noted, preparing traders for the coming week. Increased Fed hawkishness could impact markets, notes BAML The US…
BAML Looks Ahead And Sees Fed People This Week And Next
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.