Powell Likes It Hot

Mar 18, 2021 | Daily Note

  • Yesterday I penned a short summary of Powell's press conference 
  • So the comments are on today's note
  • Markets are giving back some of the euphoria from yesterday afternoon
  • And bond yields as seen on the First Call note are making new highs for the move
  • Financials and Industrials have been excellent sectors however there are some lurking exhaustion signals
  • I will be off the desk early today to celebrate a special person's first birthday