In my view the FOMC post meeting statement was largely as expected. Yes there was a nominal knee jerk reaction as some thought the Committee would be more dovish because of recent equity volatility but I ask rhetorically does or should the Fed react to...
The FOMC statement is made at 2:00 P.M. To write the incredibly obvious, all will dissect every word in an attempt to gain insight into the Fed’s thinking, a thinking which in my view is all over the map. As noted several times, the members...
The two day FOMC meeting commences today. It is widely expected the FOMC will announce a complete halt to its monthly asset purchases with holdings peaking at $4.3 trillion. Since 2009, the Fed’s balance sheet has ballooned over 700%. Will the Committee comment about the...
The S & P 500 rose again Friday capping the best week since January 2013 amid better than expected earnings, data that surprised on the upside and monetary policy optimism. This was first “up week” in five....
Stocks, led by the Russell 2000, surged yesterday amid better than expected earnings and data suggesting stronger economies from the US to Europe to China....
Markets were initially nervously quiet and volatile, volatility the result of considerable anxiety surrounding the constant headlines of war and disease, possible slowing global growth, monetary policy uncertainty, all amplified by the lack of leadership. The popular averages were relatively unchanged before the Canadian shooting,...
Stocks staged a strong advance on speculation of European central bank bond buying, strong earnings and speculation the Federal Reserve will boost stimulus if growth slows....
Markets were relatively quiet yesterday even as IBM had a massive earnings and revenue miss, a miss that is believed to be company specific. For the third quarter, S & P 500 profits are now expected to rise by 5.9%, an upward revision from a...
Equities surged ending an eight day losing streak on signs of more stimulus and improving earnings. All must remember stocks are valued by present and future cash flow discounted by some interest rate. Investor sentiment is also of great importance....
How much of today’s volatility is the result of the election? Many times I have opined the averages decline 5% to 20% in a midterm because of uncertainty. If one is to believe the polls, there will be a change of power in the Senate....