Quiet week just gone, busy one to come

Week ending Friday December 8th 2017 Little market excitement this week as the S&P500 consolidated the strong 3% upward move to record levels that occurred over the prior two weeks. An impressive performance given the USD was steadily strengthening. At one point, a fall in the 10yr yield squeezed the 10yr-2yr spread to a 10-year low of 50bps, before ending the week where it started. New FOMC Projections out on Thursday with 25bps rate rise There is little interest in next week’s FOMC meeting where a 25bps rise is certain. The statement could provide some interest of course, but most…

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