Unemployment dropped in October to the lowest level in six years as 214,000 non-farm payrolls were added, the ninth consecutive month of 200,000 plus increases, the longest streak since the one ended in March 1995....
Where to now? Tomorrow October’s BLS labor report is released. It is largely expected to remain relatively “robust” as it relates to the current recovery....
Wow! How will the election be interpreted as the President has a record no President ever wishes to have…the greatest number of Congressional seats lost during a Presidency according to Roll Call?...
Today is Election Day. I am certain many will form diametrically diverse conclusions about the outcome. As penned many times to ignore Washington is equivalent to ignoring interest rates and earnings....
Japan shocked the investing world that it is stepping up its asset purchases and is a timely reminder not everyone has to follow the Fed. The BOJ stated it will increase the annual purchase of Japanese bonds from 50 trillion yen to 80 trillion yen...
Was yesterday’s print of third quarter GDP growth of 3.5% validated the Fed’s nominally hawkish tone? I think yes....
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....