I am relatively certain there will be a “countdown” clock on most financial TV stations for tomorrow’s FRB Chair Yellen’s speech. Personally I find such annoying at best given that the most successful investor in the known universe has an average holding period of 19...
The Dog Days of Summer are continuing. This lack of volatility—30 days without a 1% move in the S & P 500 for 30 days which is the longest stretch since early 2014—is manifested in the market’s volume. Dow Jones Newswire further wrote there has...
I think during the next nine months fortunes can potentially be made and fortunes can be lost....
Yesterday was the epitome of the “Dog days of Summer.” Markets were eerily quiet, matching the 28 consecutive days of lack of volatility, defined as a move less than 1% in either direction, the longest period in over 2 years according to Bloomberg....
New York Fed President William Dudley may have shattered some bond market complacency when he stated the central bank could potentially raise interest rates as soon as next month. Additionally Atlanta’s Fed chief opined that he is confident growth is accelerating, setting the stage for...
According to the Bank of England (BOE), short term interest rates are at the lowest level in 5,000 years of know financial history. Long term interest rates are also close to that level....
Treasuries rallied, the dollar and equities fell after data showing stalling retail sales and a benign PPI. All added to speculation that the Federal Reserve will be in rush to raise interest rates this year. Gold and oil advanced....
Unsurprisingly productivity growth was extremely weak in the first half of the year as economic growth was inordinately sluggish amid a healthy pace of job creation. Productivity is the linkage between hours worked and economic output, and due to its continued weakness, the economy generated...
Many times I have commented about the impact of algorithmic or technology based trading, the trading strategy based on momentum rather than analysis. In my view the basic tenant of this philosophy is past performance is indicative of future performance....
Once again monthly US job gains fell outside the range of estimates. Strong back to back surges in nonfarm payrolls in June and July helped alleviate concerns that the labor market is faltering in response to slow growth. The May swoon which rattled all is...