September 23 2016 Market Minute

September 23, 2016

Treasury yields moved lower this week with the 30 Year US Treasury dropping from almost 2.5% to 2.34%. Oil was relatively flat this week, closing at $44.48.

Equity indices were much calmer this week than last with the DOW Jones up 138 points (18,261) for the week. The SP500 and NASDAQ were also up a little for the week closing (2164) and (5,305), respectively.

The un-official leader of the Super Central Banks of the World, US Federal Reserve, voted to ‘not’ raise rates, though with (3) of the (7) members voting for an increase.

I have mentioned previously the “Economic Rocket Science” the Super Central Banks of the world is currently engaged in. During Chairwoman Ellen’s Press Conference following their meeting this week she once again emphasized this by noting the “complicated complex issues” they are facing. These comments jumped out at me at the moment given two of the words have the exact same meaning.

Source: WSJ, Bloomberg News, Thompson One Analytics, US Bond Yields reference Sovereign 30 Year US

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