The FOMC, Uncle Tonoose, and Dudley Do-Right

(1) The FOMC’s know-it-alls. (2) A “fairly high threshold” to be wrong about the economy. (3) The Fed’s groupthink tank can explain why bond yields spiked recently. (4) Next stop 4% for 10-year yield? Probably so. (5) Extending the extended period. (6) The risk-on, risk-off trade. (7) Gold trades inversely with TIPS yield. (8) Net Earnings Revisions Index firmed again in December. (9) Consumers buying cars to get away from homes they can’t sell. (10) Auto-related stocks may continue to outperform. (11) “The Fighter” (+). NOTICE: Our Morning Briefings are now available on FactSet.