I likened the current message of the Fed to a boy band in a morning video I recorded, which is to say that there are too many voices and too many singers that want the lead. Remember the days of Greenspan. It was mainly a solo act, except for the occasional comment from Wayne Angell. Those were the “good ‘ol days” when the Fed had a single message and the only interpretation was the testimony and speeches Greenspan would give. Subsequently traders became fluent to varying degrees in Greenspan-speak. The U.S. Dollar Index in the meanwhile is stuck at the 83.00 level. While it seems that there are momentary bursts of ... (full story)