This week’s Market Update is posted at Alpha Baskets and includes the following;
The Federal Open Market Committee (FOMC) raised rates for the first time in nine years as was widely telegraphed by Fed governors if not overtly stated yet somehow markets reacted on Thursday and Friday as if they’d been hit in the face with a frying pan. Wednesday, both equity prices and treasury yields moved higher but then Thursday and Friday equity prices tumbled lower perhaps questioning growth prospects while treasury yields moved lower too giving fuel to the deflationary argument that exists and includes the dramatic and ongoing decline in West Texas Intermediate Crude which was down 2.68% this past week after a 10% drop the week before.
Please click through for the entire update.
The first picture is from Baldwin Beach which is near Paia.
The next picture is the volleyball court at Kamaole Beach Park.
The final picture for now is one of many fire truck/firehouse pictures my wife waited patiently for me to take. This one is the panel of the Type 1 engine (structure fire) stationed in Napili.