Market Commentary Archives - Page 60 of 69 - Capitol Development Account

Today I Believe There is no Leadership; There is Only the Positioning of Diametrically Opposite Views.

For the first time in many weeks, I can write there was little to discuss about yesterday’s trading....

03 February, 2015

Greece Could be Broke by March.

Friday the Greece finance minister stated it will not seek an extension of its bailout agreement declaring “we don’t plan to cooperate with that [Troika of the official creditors] committee.” If neither the ECB nor Greek blinks as the ECB has adamantly stated Greece is...

02 February, 2015

I am Happy to See That January is Over.

I am happy to see January over. It was a tough month, in my view one of the toughest months since 2008-09. Was January the culmination of difficult 7 or 8 months for as I look backwards, April or May was the last time the...

30 January, 2015

The Fed Slightly Hawkish with Many Viewing a Late Spring Interest Rate Hike as Inevitable.

Stocks fell while the dollar gained on speculation the FOMC will boost rates this year as the economy strengthens. Treasuries rose and oil plunged under $45/barrel....

29 January, 2015

Will the Rising Dollar Impact Earnings?

Several times during the past several weeks rhetorically asked how the rising dollar will impact results, conjecturally answering if history is of any precedence, negatively. Yesterday this conjectural question and rhetorical answer became reality. The rising dollar has impacted earnings, an impact that I don’t...

28 January, 2015

Will History Look Back at the Past Few Weeks and Remark How so Many Could Miss the Current Environment?

Will history look back at the past few weeks and remark how could so many miss the current environment? I have often opined the most obvious conclusions are those which are most likely to be ignored. I think I am an optimistic person who never...

27 January, 2015

Last Week was One of Significance Given the Action by the ECB.

Last week was one of significance given the action by the ECB. Tomorrow is the commencement of the two day FOMC meeting where many are expecting the US central bank to offer more guidance regarding the time table of a change in US monetary policy. ...

26 January, 2015

As Expected the ECB Expanded Stimulus to Combat Slowing Growth and the Threat of Deflation.

As expected the ECB expanded stimulus to combat slowing growth and the threat of deflation. Draghi, the ECB President, announced plans to buy up to 60 billion euros of government bonds ($69 billion) a month. The buying will continue through September 2016, amounting to a...

23 January, 2015

Expect the Unexpected to Occur but Only on Steroids.

Markets were relatively flat yesterday even as a large technology firm posted disappointing fourth quarter results. The decline was muted because the ECB said it will propose 50 billion euros of asset purchases a month through 2016 and from a rebound in oil prices....

22 January, 2015

I Think the World is on the Verge of Anarchy, a Major Consequence of America Abandoning its 70 Year Unspoken Role of the Global Policeman.

It is generally accepted the SOTU can be seen as a an opportunity to pull the country and Congress towards policies that the President believes will help the nation or be seen as a divisive, partisan and small in its scope to inspire action and...

21 January, 2015