It was just a sniff, mind you, but it was of a foul odor. A whiff of inflation seen in the monthly Consumer Price Index data held back stocks this morning that I believe would have otherwise gained from the get-go. The SPDR S&P 500 (NYSE: [...
An obstinately dovish U.S. Federal Reserve and a European Central Bank intent on carrying out its own, massive Quantitative Easing (QE) bond buying programme have pushed Treasury rates to near historic lows and European rates to obscene levels. As...