Stocks are very marginally higher following The Fed’s Minutes showing “financial stability concerns” amid “high valuations”, bond yields rose less than 1bps and the dollar is up modestly as Gold is being sold…
Some participants suggested that increased risk tolerance among investors might be contributing to elevated asset prices more broadly;
a few participants expressed concern that subdued market volatility, coupled with a low equity premium, could lead to a buildup of risks to financial stability.
Ignore it…
Bottom line – oddly quiet… for now.
