Steps In The Right Direction?
It was a quiet week, so let’s take the opportunity to zoom out a bit, look at the bigger picture and see where we stand in the ongoing saga of this bear market ..
There wasn’t too much to take from a choppy, vacation-shortened week with increasingly thin attendance and extremely low volume (see EXPLAINER: FINANCIAL TERM OF THE WEEK as well as UNDER THE HOOD below) ahead of and right after the Thanksgiving holiday.
We got the minutes from the last Fed meeting earlier this month which raised interest rates by 0.75% and they clearly showed that a substantial majority of those present judged that…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.