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Replies to post #11980 on VelocityShares Daily 2x VIX ST ETN (TVIX)
...release a statement on any new policy initiatives Wednesday at 2 p.m. ET. Fed Chair Janet Yellen will hold a press conference at 2:30 P.M. ET...
...That could make 2015 look a lot like 2013, the year of the so-called taper tantrum. Remember, when Ben Bernanke first mooted the possibility that the Fed would curtail its bond purchases, in testimony to Congress on May 22, 2013? The markets reacted with, well, horror. The S&P 500 fell 5% in just over a month of trading. Tapering itself, however, went off without a hitch; the S&P gained 9.1% from December 2013 to October 2014, as the Fed slowly cut its bond purchases. Expect a repeat, Rissmiller says: “The Fed is not going fast, and that’s positive for risk assets....
