A bus full of Fed speakers couldn’t do what an oil non-deal full of holes could
Yellen, Evans, Kashkari, George, Harker and Mester (did I miss anyone) have all been chatting, and Evan’s and Harker aside, all had remotely hawkish comments. Despite that the oil news has trumped nearly all of it as oil currencies enjoyed basking in the sun of probably the most flaky, unrealistic oil deal ever not done. I can’t even begin to pick out the holes in it. But there you go, we’ve seen markets move on much crazier things than this.