Stocks surged again on a dovish Fed as the US Central Bank and US data is making up for bad news in other parts of the world. Oil resumed its sell off and energy was a market laggard. As widely known, the energy issues have...
In my view the equities discern little difference between the term “considerable time” and “patient.” The S & P 500 had its largest advance since October 2013, the result of the post FOMC meeting statement where the Committee stated “it can be patient in beginning...
The two day FOMC meeting concludes today with a 2:00 P.M. statement. Will the phrase “considerable time” be omitted? I will argue no given the impact of the collapse of oil prices is not yet known. Speaking of which, will the Central Bank comment about...
The two day FOMC meeting commences today. Much has changed since its last meeting held in October and their mid-September forecasts. Oil has been crushed, the dollar has rallied and more Americans have jobs than expected. Will the Fed be dovish or hawkish? The sharp...
Friday I noted the drop in oil is not only threatening the existence of companies but also of countries. Perhaps the countries that are facing the gravest threat are Libya, Iran, Iraq, Nigeria, Venezuela, and Russia. Will there be unrest that leads to anarchy that...
As written several times, the $50 drop in crude has transferred about $1.5 trillion from oil consumers to oil producers. It is a defacto stimulus to Europe, Japan and US, a stimulus that is more powerful than any government program given the monies saved goes...
The Russell 2000 surged 1.8% yesterday on the strength of commodity companies, more specifically the energy issues that rose 6.1%. Unless one has been living in a cave, all commodity companies have been crushed, decimation that has not spared the debt. Bloomberg writes the Russell...
Will 2015’s be the carnage of Treasury and investment grade rated bonds, carnage similar to the one that is occurring today in the energy sector? Many, me included, have been decimated by the collapse of oil, a collapse that few had suggested even as recent...
In my view November’s unemployment report was strong in all dimensions, a strength few had expected. The large 321,000 gain in non-farm payrolls, together with the 44,000 upward revision to the two proceeding months increases the odds the FOMC will increase interest rates sooner than...
Perhaps the biggest surprise of 2014 is the collapse of oil prices. In June crude was around $110/barrel. At one juncture yesterday, prices were around $65/barrel following a 2 day 10% plunge, the result of the OPEC meeting where production was not cut....