Friday, July 10, 2015

Federal Reserve Chairwoman Janet Yellen speaks today

This is all you need to know

 
Aunt Janet speaks today

The market will move according to preset algorithms and be halted as needed:

If she even raised interest rates .25% it won't make much difference for bank depositors.  The banks are all propping up the stock market together now as they all buy into the equities and run complicated derivatives trading.  If it doesn't work out for them they know they're covered by the Federal Reserve.

It looks like the treasury yields are rising in anticipating of the interest rates rising in the fall this year:

...developing...