[Chart courtesy of MarketWatch.com] Moving the Markets This one came out of left field. Fed chair Yellen’s testimony before congress was interpreted as “dovish” an odd statement given the recent jawboning about “asset prices looking rich.” After weeks of talking about higher rates and reducing its balance sheet, did the Fed just flip flop and acknowledge once again its ignorance? …
Skidding Off The Highs
[Chart courtesy of MarketWatch.com] Moving the Markets It was another roller coaster session with the major indexes ramping higher right out of the gate, only to see early gains evaporate, as Dow ended a string of daily losses at four, but only by the tiniest of margins. So did the S&P 500, but the Nasdaq stumbled and closed the day …