Markets During Periods Of Federal Reserve Intervention – June 20, 2013 Update

In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007.

For reference purposes, here is an updated chart from Doug Short’s blog post of June 20 (“Treasury Snapshot:  10-Year Closing Yield Highest Since October 2011“) :

(click on chart to enlarge image)

Dshort 6-20-13 - SPX-10-yr-yield-and-fed-intervention



The Special Note summarizes my overall thoughts about our economic situation

SPX at 1588.19 as this post is written