This post was originally published on this site.One of the things that Warsh said at the press conference was that the markets should be playing the ball – the yields, inflation, stocks, employment – not the referee (the Fed).  He said the Fed was not going to spoon feed the market.  He also said that in crisis mode, providing guidance -spoon feeding – is prudent, but in benign moments it is not.  He is hands off.   You can say he is saying the markets are better,more knowledgable than the Fed. You can say he is checking his ego at the door.  He...

This post was originally published on this site.What were levels ahead of the Fed Chair Press conference.  U.S. Stocks Dow Jones: 51,957.19 (-795.10, -1.51%) S&P 500: 7,392.95 (-35.82, -0.48%) Nasdaq Composite: 24,798.83 (-87.08, -0.35%) Russell 2000: 2,924.86 (-28.94, -0.98%) Nasdaq 100: 27,605.74 (-157.40, -0.57%) U.S. Treasury Yields 2-Year: 4.2706% (-0.64 bps) 3-Year: 4.3095% (+0.65 bps) 5-Year: 4.3820% (+2.10 bps) 7-Year: 4.5048% (+2.48 bps) 10-Year: 4.6366% (+3.26 bps) 20-Year: 5.1554% (+4.14 bps) 30-Year: 5.1534% (+3.94 bps) Commodities & Bitcoin WTI Crude Oil: $84.44 (+$5.32, +6.72%) Gold: $4,065.07 (+$36.77, +0.91%) Silver: $58.1162 (+$1.0072, +1.76%) Bitcoin: $64,012 (+161, +0.25%) Market Snapshot: Ahead of...