There was little initial reaction to the Minutes of the December FOMC meeting. Perhaps of significance was the Committee’s fear that the central bank might be forced to quicken the pace of interest rate increases to head off higher inflation....
Some can make the argument the markets believe Trump will deliver on his economic agenda given the sharp increase in Treasury yields and the advance in the beaten down and unowned value and small cap stocks, entities that do best in a growing economy....
Banks and phone companies pushed stocks higher as the dollar is at the highest level versus the euro since 2003. Financials are the direct beneficiary of a more hawkish Fed. As most are aware, the central bank is now projecting three interest rate hikes in...
In my view the markets are vastly over extended and could be subject to a sharp correction for almost any potential reason. Could an unexpected hawkish FOMC statement be a potential catalyst?...
A theme that I have pursued throughout 2016 is a rotation from mega capitalized growth entities into the smaller caps and value shares. Some of the comments I received about this potential rotation could not be printed, but were generally along line that if the...
Oil surged over 9% as OPEC cut production for the first time in eight years, a production cut in some estimates that was greater than anticipated. Oil gained further momentum as inventories declined for the second consecutive week versus rising. East coast inventories are at...
Third quarter GDP was revised to 3.2% rate from the previously reported 2.9% pace, the fastest growth in two years. Business investment remained weak but labor market progress and steady household purchases kept growth on tract ahead to the holiday shopping season....
Are the markets suffering a massive hangover since the election? Equities have advanced, Treasuries have been crushed since 2001 and the dollar is around decade highs....
Crude jumped on optimism OPEC will agree to cut output. The dollar halted its longest winning streak versus the euro....
In my view the averages are vastly over bought predicated upon speculation of a roll back of some onerous regulation—more specifically Dodd Frank which has crushed capital formation for the smaller companies, capital which is the lifeblood of capitalism and growth—and greater infrastructure spending....