Algos, Bear Flatteners, Convexity Hedging, Oh My!
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Has the market already fully discounted a taper in September?
The Sell In May Vigilantes caught up with Mr. Market soon enough, putting a nail in the market on May 22.
Saying they "could buy more" was a sign that they were thinking of buying less.
As you know, last Friday, December 14, was 90 degrees from the high of the year.
According to Macroeconomic Advisers, Federal Reserve Chairman Ben Bernanke's words had the most impact on Treasury yields in 2010.