Epstein Secrets

se "has highlighted the matter as a potential area for concern in internal conversations with the president's economic team," but Treasury Secretary Yellen has "cautioned privately against overreacting to anecdotes of worker shortages, arguing that more data and time are needed before assuming they refl

37510 day earlier." The Dow posted a record, climbing 97.31 points to 34,230.34, and the S&P 500 gained 2.93 points to close at 4,167.59 while the Nasdaq fell 51.08 points to 13,582.42. Reuters <https://www.reuters.com/business/futures-rise-growth-stocks-bounce-economic-data-eyed-2021-05-05/> (5/5),

e "has highlighted the matter as a potential area for concern in internal conversations with the president's economic team," but Treasury Secretary Yellen has "cautioned privately against overreacting to anecdotes of worker shortages, arguing that more data and time are needed before assuming they refl

-off a day earlier." The Dow posted a record, climbing 97.31 points to 34,230.34, and the S&P 500 gained 2.93 points to close at 4,167.59 while the Nasdaq fell 51.08 points to 13,582.42. Reuters (5/5), Bloomberg (5/5, Papuc, Barrett, 3.57M), and the Wall Street Journal (5/5, Ostroff, Subscription Publ

ars have come out in force. While we agree that a changing Fed reaction function is likely not supportive of substantial equity upside, we think the “Yellen put” still exists, albeit with a lower strike. Hence, we see monetary policy as providing a near-term “collar” (long put/short call) on a US equity m

d communications due to tighter monetary conditions in the face of slowing US economic data, and risk asset bears responded in force, suggesting that Janet Yellen had “broken up” with investors and that it would be prudent to sell “before it’s too late”. We agree that the changing reaction function of the Fed

5bps. Despite concerns on the Fed, the VIX fell 0.32 vol points to 10.38, and SPX 1m ATM implied vol declined 0.3 vol points to 7.6%. Chart 13: The Nasdaq has set a new record for consecutive days without a 5% peak-to-trough drawdown 160 «2 136 140 120 100 Bo 80 60 40 Be 20 SSeS 0 16-Jun-17 14-J