The following graphic shows NDX performance around the last 12 FOMC announcements where the recent reaction stands out. Data Sources: Bloomberg / Author Calculations The 1-Day NDX at-the-money ...

Credit spreads have rarely been narrower. As of late February, the Bloomberg High Yield Index Option Adjusted Spread (OAS) over U.S. Treasuries stood at 2.56%, a level only achieved a few other times ...