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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: Haim R. Branisteanu who wrote (72766)3/20/2001 11:45:10 AM
From: Dennis O'Bell  Read Replies (2) of 99985
 
Haim: I've been told that the fed fund futures are a more precise indicator of rate changes than the IRX.

Since yesterday's ff futures close predicted a rate 2/3 of the way between a 50 and 75 basis point cut for the rest fo the month, I figured they were saying the odds were 2:1 for the higher cut.

I should have mentioned that this surprised me, I was in no way echoing anything heard on CNBC which I *never* watch. I don't even know who half these people are on there that everyone pokes fun at.
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