While most of the market was focusing on annoying dot plots Wednesday, Jefferies noticed more important moves – dislocations, really — that to this day have yet to be explained. Looking at correlation and price trends among the US dollar, stocks, interest rates and commodities is much more compelling for market analysts than pondering an expected and professionally telegraphed 25 basis point rise in interest rates. The bottom line is what might move interest rates is a factor which can’t be seen at this point in time. Dot Plots – Stocks up day after Yellen’s surgical skills on display There…
Dot Plots At This Point Will Not Predict Interest Rate Increases
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.