The market reacted as expected to James Comey’s Thursday testimony — a rally in stocks, pull back in bonds, says Jack Bouroudjian. He also explains the expiration phenomenon that is going to be dominating the trade over the next few trading days, and how that may tell the story of equity and bond markets this summer.
Market Update: More Headline Risk
Headline risk is moving currency markets, and could it slow the velocity of Fed rate hikes? Jack Bouroudjian discusses that,…
Market Update: The Fed and Dollar Strength
Jack Bouroudjian discusses this week’s Fed-driven market, and why the U.S. dollar is beginning to drive the market.