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April 3, 2015

Dionne Warwick sings the Good Friday Payroll Blues

Filed under: Forex Strategies — Tags: , , , , , , — admin @ 4:43 pm



    Bill Gross says a disappointing jobs report won’t dissuade the Federal Reserve from raising interest rates by September.

    Why? Because U.S. central bankers can’t wait to normalize monetary policy after keeping benchmark borrowing costs near zero since December 2008.

    “They want to get off the dime,” Gross. “They want to get off zero, if only to prove that they don’t have to stay at zero for a long, long time.”

    Gross’s view contrasts with a market that’s now putting the odds of a rate increase in September at 35 percent, down from a 39 percent likelihood on Thursday, based on trading in fed funds futures. Odds of a June liftoff are 10 percent, the trading implies.

    Comment by Anonymous — April 3, 2015 @ 5:13 pm

  2. Think someone was loading up on emini's. Pushing book down to trade size every couple of handles

    Comment by Anonymous — April 3, 2015 @ 6:01 pm

  3. There will be no FED rate hike in 2015. Period.

    Comment by Anonymous — April 3, 2015 @ 6:14 pm

  4. Oh this is really quite intriguing. Did we finally wander into the "bad news is really bad news" territory or is that still waiting down the road?

    Mr. Market has been in detoxification from US QE for a while but he's not quite in the clear yet. There's a very real risk that the symptoms return, should there be a combination of favorable circumstances….

    Comment by hipper — April 3, 2015 @ 6:33 pm

  5. CDS going through zero?…"meaning one institution paying another institution for the privilege of insuring it against a bond default."

    Comment by Anonymous — April 3, 2015 @ 6:53 pm

  6. Mourning in America.

    Comment by Leftback — April 3, 2015 @ 7:02 pm

  7. agree with washedup, this must be the most equity bullish report in over a year.

    Comment by mcr — April 3, 2015 @ 7:27 pm

  8. yup checkmate – interesting reaction from spoos being down and all – i imagine we will open 30 points higher in cash on monday as the mkt realizes this means ZIRP foooooreeeeeverrrrrr……

    Comment by washedup — April 3, 2015 @ 8:18 pm

  9. You are of course referring to her classic "I say a little prayer".
    That's what Yellen needs if she really thinks she can raise rates in this world as it stands.

    Comment by checkmate — April 3, 2015 @ 9:04 pm

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