That’s an exciting headline! I’ll do better tomorrow.
There’s whisper talk among the money managers who control vast resources of bond and pre-bond funds. Have you ever woken up in a cold sweat, knowing you should have done something the day before but still might have a chance to act on it?
That’s exactly what’s happening now. For the first time, I sense these long-term bond managers are sweating bullets. Should they buy now while the yields are still high, or wait and see what happens?
The Federal Reserve is also feeling that same cold sweat. Have they waited too long, or not long enough? The cure now seems worse than the ailment.
Below is the packed week of reports from Jobs to housing.
- Tuesday: Case Shiller HPI, FHFA, HPI and JOLTS
- Wednesday: ADP Employment, Pending Home Sales, Fed Meeting
- Thursday: Initial Jobless Claims
- Friday: BLS Jobs Report.
