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Yellen's Words Sink both Stocks and Bonds

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

S & P 500 futures started bravely in the plus area early today as the news from around the globe was swirling in all directed.  The ADP jobs report came out shortly thereafter reflecting a number 20,000 lower than even the low estimates.  In addition, they adjust the two previous months downward.  This created a bad start for what turned out to be a long day in the equity pits.  Fed Chair Janet Yellen made comments that both stocks and bonds were overvalued.  The Dow closed off its lows down only 88 points.

Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

How does that go again Jeff, loose lips sink what? We're in for an interesting Summer I feel.

May 06, 2015 10:35 AM