THE FED AND THE MARKETS ARE CHASING THEIR TAILS $AGNC $ARR $KBH $NLY $TBF $TBT $UST $ITB $REM
Going into Wednesday’s Federal Open Market Committee (FOMC) policy statement, there was almost universal opinion that the Fed would taper. However, generally speaking, markets almost always have diverging opinions. In my 30 years in the markets, I have never seen such uniformity of opinion with as few dissenters as there
September 19, 2013