Did you Know?
“The S&P 500 Index finished the quarter up nearly 1% after falling as much as 10.5% at one point in February.
That makes it the first quarter since the Great Depression where the benchmark fell more than 10% and then rebounded to end higher, according to LPL Financial. ” (Source: Moneybeat)
“Yellen’s stance that the Fed must “proceed cautiously” assured investors that the Fed will risk letting the economy run hot before raising rates, jolting the Standard & Poor’s 500 Index to its biggest quarterly turnaround in eight decades.” (Source: Bloomberg)
China’s Plunge Protection Team No State Secret (WSJ)
Neither are the U.S. and European Plunge Protection Teams (ZeroHedge)
A Guide to Retirement Income (LA Times)
Yup, Raise Interest Rates to Raise Inflation see also A Simple Neo-Fisherian Model (The Grumpy Economist)
Senator Sheldon Whitehouse Chasing Ghosts (WSJ)
What to Do About Negative Rates (Barron’s)
Middle-Class Revolt in Brazil a Long-term Positive (WSJ)
Are Auto Sales Peaking? (ZeroHedge)
Jeremy Jones, CFA
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