Nuance and framing is important to put the logic of central bankers into perspective. Don’t be alarmed by New York Fed President William Dudley’s comments August 16. Even though the markets sold off on the mention of the potential of stimulative withdrawal, pay attention to the written word, a Bank of America Merrill Lynch report says. That way it’s not as bad as it sounds. But perhaps what is most interesting is not the talk of an interest rate hike, but the Fed’s own recognition that stimulus may be building asset bubbles. Official concern over stimulus withdrawal spread from hedge…
Corporate Bond Market Has Doubled Since Financial Crisis
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.