What I'm reading this morning:
- After yesterday's FOMC, the consensus has shifted to a September rates liftoff (Reuters)
- The post-FOMC rally had something for everyone (Irrelevant Investor)
- Has the world changed in 24 hours? Strategists react to the Fed (MoneyBeat)
- "I have long argued that the FOMC doesn’t have a strong theory for what they are doing, and have designed their language in speaking to the markets to maximize their flexibility.." (Aleph Blog)
- A 3-D View of a Chart That Predicts The Economic Future: The Yield Curve (Upshot)
- Investors Raise Alarm Over Liquidity Shortage (Wall Street Journal)
- Will Japan Post Holdings shoot past Alibaba to become the biggest IPO ever? (MarketWatch)
- Goldman, not Apple, is the big wheel in the Dow Jones Industrial Average (Bloomberg)
- On the difference between the Russell 2000 and the SmallCap 600 (Indexology)
- Fun with market valuation metrics (Alpha Architect)
- The giddiness in silicon valley is now off the charts (Wall Street Journal)
- There is a new Bond King. He is a 39 year old running an index fund for Vanguard (Wall Street Journal)
- Surprise: Your broker doesn't work for you (MarketWatch)
- Thomas Friedman may be smoking crack before submitting his columns at this point (Fortress America)
