Here is an interesting item from Bloomberg, with 5 bond market veterans urging investors to be wary of leaping on board the first wave of trading after President Donald Trump announces his pick for the next chair.
- Initial market reactions to a Fed nominee don't always last
- The Fed is like a slow-moving cruise liner, so don't expect radical changes fast
- Bond traders can send a strong message to the Fed and alter its course
- You really don't know a Fed chair's worth until they face their first crisis
Yeah, OK then.
For traders though, by all means jump on the first wave, and the others following, K?