05 March 2021
6 min read
JayPow & The Bonds, OPEC Surprise & NFP's
Jerome Powell is the worst Federal Reserve chairman ever, isn't doing his job and should generally be ashamed of himself.
Or so Twitter tells me...
Then there's this guy...
Both IG and HY CDX spreads did widen a bit toward the end of the day, but cash spreads weer basically unch, IG +1.8, HY +1.2. And issuance again well > $10b.
— FZucchi (@FZucchi) March 4, 2021
I'll go further: for a Fed that might b having butterflies about frenzied mkts, this is goldilocks.$SPY $QQQ $IWM https://t.co/lbt4W8frXn
Aside from an acknowledgement that
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