Fear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.
Peter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality: The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation, he told me.
Tchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be transitory.
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Luis Enrique Tábara Zerna was in constant avant-garde, his legs – his
‘Paws’ – became his other signature, in his other way of depicting the human being on canvas.
Enrique Tábara, the teacher who never stopped his feet towards the avant-garde
Master Tábara, as everyone refers to him, left yesterday, Monday, January 25, at the age of 90. His death occurred in Cuatro Mangas, an area that is 10 kilometers from Quevedo, in Los Ríos. A place where he retired from the sound of the city and surrendered to the silence of the countryside to do what he loved the most: paint and sculpt.