Investors are feeling anything but good right now!
This week had plenty of FED speakers and already FED member Bostic had an interview on Sunday and that probably helped yields move overnight when markets opened.
On the Forexlive calendar they have 6 pencilled in for this week but there are more. For instance there are 3 additional ones today not on the calendar. In total think read there are about 20 appearances for the week scheduled.
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10:00 am NY time (1400 GMT)
Federal Reserve Bank of Boston President Susan Collins speaks on strengths and challenges in the national and regional economy
12:00 noon NY time (1600 GMT)
Federal Reserve Bank of Atlanta President Raphael Bostic participates in virtual Washington Post Live interview on causes and impact of income and wealth inequality in the United States
12:30 pm NY time (1630 GMT)
Federal Reserve Bank of Dallas President Lorie Logan participates in a moderated question-and-answer session before the Independent Bankers Association of Texas 48th Annual Convention
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I don't think any good comes from all these speakers hitting the circuit this week. I noticed the 5 year treasury clipped 4.10% this morning and I think the bonds markets are going to get pushed further by all this FED speak singing the from the same song sheet, and that song is all about how they need to continue onwards, hiking to slay the inflation beast and economy be damned if people lose iobs and houses!
We'll soon see how markets react to all this as the week progresses, but if things get panicky and the $SPX500 make run towards 3,500 I will definitely want to be buying something at such level.
Trade safely
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