Yesterday's Fed Minutes Give Rise to Market

According to the Fed minutes released yesterday, Fed officials are united on the need to see more progress on the recovery before scaling back their massive bond buying program. Policy makers have downplayed inflation risks, maintaining that the huge recent surge in treasury yields reflects stronger growth prospects. Traders have undoubtedly peeled back on aggressive positioning for interest rates to start rising by the end of next year.

Also to note, is that Treasury Secretary Janet Yellen has unveiled details of a pan to bring back about $2 TRIL in corporate profits into the US tax net, to help fund government spending initiatives, and potentially reduce reliance on more borrowing that would just drive rates higher.

 

Tune in to see what's moving Thursday's market and where to trade to end up in green.