Sometimes, those of us focused on the equity markets think the futures guys know something major that we don't (or options, or FX, or fixed income... etc etc) - and usually that actually IS the case.
Other times we see expectations whipping around even more wildly than HSCEI shorts - as of a month ago, effectively NOBODY was expecting a Fed rate increase on the 25th... yesterday the futures markets were implying a probability of 26% that rates would rise by 25bps... now that's down to 16%.
Yes yes yes there have been masses of data and comments from Fed officials and others in the last month (but isn't that always the case?)
Stumble It!
Posts
No comments:
Post a Comment