Yet again, the dovish fed comes out saying nice pretty little things and bows yet again to wall street, day in and day out rinse and repeat the same garbage talk about how rate hikes will be shallow and the "TIMING" of the increases "UNCERTAIN", they haven't a clue what they are doing, they have no exit plan, thats why they are keeping rates at 0%, there won't be rate hikes for years and if there is one or 2 here or there rates will still be under 1% for the next 3 years and under 3% over the next decade.......this market and economy needs a real fucking wake up call, every thing is make believe and that make believe can only last so long......
After Friday's surprisingly weak jobs report raised real questions about the strength of the economy, stock futures fell sharply, the dollar sank and Treasury yields fell. That all began reversing Monday morning, helped in part by comments from dovish New York Fed President William Dudley, who said the trajectory of central bank rate hikes would be shallow and the timing of the increases is uncertain.
The dovish Fed kept pressure on the dollar and that was a positive for stocks. It also helped, at least temporarily, to disrupt a recent trend where traders view the disappointing string of first-quarter economic reports as a reason to sell stocks, for fear they are a harbinger of a very weak corporate earnings season.
"I think it was the Dudley comments, and everyone's just hoping rates stay lower for longer. He threw the markets a bone by saying the pace of rate hikes would be shallow and they would take the markets into consideration, so you have a lot of hand-holding and that makes people feel better," said Michael O'Rourke, chief market strategist at JonesTrading.
Peter Boockvar, chief market analyst at The Lindsey Group, said it appears the dollar was propping up stocks, as well as the expectation of an easy Fed.
Read MoreWeak jobs signals dovish Fed
"I can't fully explain how we're 25 points off the lows from Friday. The S&P is less than 2 percent off all-time highs in light of what's going on. The addiction to the Fed just won't end," he said.
http://www.cnbc.com/id/102563196
After Friday's surprisingly weak jobs report raised real questions about the strength of the economy, stock futures fell sharply, the dollar sank and Treasury yields fell. That all began reversing Monday morning, helped in part by comments from dovish New York Fed President William Dudley, who said the trajectory of central bank rate hikes would be shallow and the timing of the increases is uncertain.
The dovish Fed kept pressure on the dollar and that was a positive for stocks. It also helped, at least temporarily, to disrupt a recent trend where traders view the disappointing string of first-quarter economic reports as a reason to sell stocks, for fear they are a harbinger of a very weak corporate earnings season.
"I think it was the Dudley comments, and everyone's just hoping rates stay lower for longer. He threw the markets a bone by saying the pace of rate hikes would be shallow and they would take the markets into consideration, so you have a lot of hand-holding and that makes people feel better," said Michael O'Rourke, chief market strategist at JonesTrading.
Peter Boockvar, chief market analyst at The Lindsey Group, said it appears the dollar was propping up stocks, as well as the expectation of an easy Fed.
Read MoreWeak jobs signals dovish Fed
"I can't fully explain how we're 25 points off the lows from Friday. The S&P is less than 2 percent off all-time highs in light of what's going on. The addiction to the Fed just won't end," he said.
http://www.cnbc.com/id/102563196
