Bill Gross after the Fed

The Fed talk certainly confused him. A few weeks ago he said a hike was almost a done deal.

  • The timing of bond market bear market has been delayed
  • I've given up figuring out when the Fed is going to go
  • Fed is more market dependent than data dependent
  • "Very sad" Yellen hasn't normalized rates beyond 25 bps
  • I was amazed the yen didn't weaken and amazed that it's strong
  • Steeper Japanese yield curve should weaken yen