Equities declined as the Treasury Department disclosed plans to limit tax inversion mergers. Stocks were also spooked by Syrian airstrikes, raids that caused oil to rally....
The last several days I have commented about the lack of market breadth. Yesterday Bloomberg reported the last time so few companies in the Russell 3000 pushed this gauge to an intraday high was March 24, 2000, two weeks after an all-time high was reached....
Last week I commented about market bifurcation referencing Bloomberg and its observation that 47% of NASDAQ Composite companies are down over 20% YTD, a decline that has occurred since July....
There was little reaction to the President’s speech, a rise in crude prices from an eight month low and weekly jobless claims that were nominally higher than expected. Will there be a reaction to today’s release of August’s retail sales data or University of Michigan...
Will today’s data confirm or deny the rising sentiment that the overnight rate will be 0.50% by September 2015? Fed Funds futures which are a gauge of market sentiment now suggest a 79% chance that such will occur. That compares with a 63% chance at...
The 10-year treasury has had its longest slide in three months. The behemoth money management firm Blackrock stated yesterday an improving labor market and signs of inflation argue for the Federal Reserve to boost borrowing costs....
Is the market setting itself up for failure? A study by the San Francisco Fed suggests investors appear “less uncertain” about the course of monetary policy than the FOMC participants. Wow!...
The August payroll number was a shock. Yes the unemployment rate did fall to 6.1% from 6.2% but this was the result of worker’s leaving the work force pushing the labor participation rate down to 62.8% from July’s 62.9% level. The LPR is matching the...
Tuesday I wrote this week has the potential to dictate the direction of the markets for the immediate future. Based upon market performance, the data has been a nonevent as the S & P 500 is virtually unchanged, down 0.33%....
Many times I have commented about the lack of monetary velocity or the turnover of money and its impact upon the economy. The St. Louis Fed recently published a report quantifying the impact of this lack of velocity....