Top Eight, Key Markets & Earnings next week.
The Fed’s desire to communicate openly and transparently is running afoul. And Bernanke seems to be running afoul of the policy.
Last month, after making it clear he wanted to begin reducing bond purchases the markets sold off, particularly the interest rate markets and in a short period mortgage rates were a full point higher. Realizing they might continue to rise, he and his compatriots immediately reversed course attempting to ensure bond mavens believe QE is here to stay.
Employment stumbles, GDP rises, a mortgage false start, and Bernanke deposed!(?)
Stocks reach a newh igh, China puts in a new floor, Washington faces the ceiling, and CFOs in the middle of the road.
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