When stepping away from the markets for nearly a week, I find my return akin to drinking from a fire hose as I try to slurp a cascade of data that have rained down during my absence. Playing catch up can be daunting although recognizing a near 6% drop in the S&P 500 over the past two sessions is obvious. So too is reviewing the economic numbers as well as digesting market moving news such as The Wall Street Journal’s reporting that the New York Fed has started to question overnight funding from large European banks with significant operations in the U.S. As always, I will attempt to find the rare nuggets of information Continue reading »
