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Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

  • Robert Lloyd, CFA

Shame. Shame. Shame.

Updated: Oct 2, 2021

Once is chance, twice is coincidence, three times is enemy action. (Ian Fleming)

Another Fed leader caught trading ahead of the market. Now we have 3 major Fed decision makers using insider knowledge for self-enrichment.

Vice-chairman Clarida reportedly traded the day before a major Fed announcement. Is it credible that he didn't know? Nooo waaay.

But life is full of ironies. He was reportedly selling bonds and buying stocks on February 27th of 2020. Does anyone remember the bloodbath that happened in the following weeks? Even insider trading doesn't always work. As in life, timing is everything.

Other than identifying another crook, you have to ask what is really going on? Somebody is outing these guys. Obviously, they are corrupt, but what is the plan for their replacement?

That is the real game at the Fed and the real question for the markets.

What do you think?

Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.

© 2021 Lloyds Intrepid LLC

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