Today’s report from the Federal Reserve Bank of Philadelphia goes a long way toward explaining why W.C. Fields and Cliff Lee prefer the City of Brotherly Love. [Read more…]
On strong retail sales report, ho-hum Fed meeting, bond yields spike higher
A fourth straight month of solid retail sales sent stock prices higher early Tuesday, but the better-than-expected sales produced brutal selling pressures in the Treasury bond market. [Read more…]
Gentle Ben
Ben’s 60 Minutes interview impresses bond market but not equity investors… [Read more…]
