by Michael Covel
Janet Yellen delivers a long-awaited speech in Jackson Hole, Wyoming, today.
And for days the media has been hyping how terribly important it is…
Bloomberg breathlessly reported that “bond traders are desperate for direction” from Yellen.
Morningstar said U.S. stocks were in a “search for firm direction, marooned in wait for Yellen.”
And CNBC told us that “Jackson Hole and Fed’s Yellen are all anyone cares about.”