As expected, FRB Chair Yellen’s remarks were a market nonevent. Her comments were widely as expected and similar to those made last week reiterating the Central Bank’s intentions to raise interest rates sometime this year, emphasizing the timing of the first rate rise is less...
Stocks advanced after an unexpected drop in retail sales damped expectations of a rise in interest rates in the immediate future. FRB Chair Yellen testifies today to Congress about the health of the economy and monetary policy. In past statements, Yellen is expecting strength in...
Yesterday Bloomberg reported 2015 has had more down days in the S & P 500 than any year at since 2002. Moreover the declines have gotten longer and the rebounds smaller, the smallest “post dip” bounce in at least three years....
The noise and volatility is incredible, volatility I believe that is enhanced by technology based trading. The future is always uncertain but in some regards many believe today’s uncertainty is more pronounced than years’ past....
Stocks ended nominally higher after Wednesday’s drubbing closing on the pivotal and technically important 200 day moving average line of the S & P 500. As noted many times, the markets are overly influenced by technology based trading; trading that places great emphasis upon this...
US markets are facing considerable head winds from the turmoil in Greece and China. I would like to first discuss China....
The S & P 500 reversed course erasing a drop of more than 1% on speculation that Greece’s crisis would be contained. At one time, this marquee index violated the pivotal 200 day moving average, a level that has only been broached once since 2012....
The headlines are ugly. The Greek economy teeters on the brink of collapse with a possible exit from the EU/Euro. Puerto Rico may delay some debt payments. China’s stock market has suffered the greatest drop since at least 1992, imploding over 25% in about three...
Equites rallied on the reevaluation of Wednesday’s Fed meeting statement. The advance came even as Greece has again failed to reach a deal with creditors. The dollar weakened which boosted both gold and oil....
In many regards the Fed meeting was a nonevent. The Committee raised their assessment of the labor market and the economy, keeping the central bank on track to increase interest rates this year for the first time in almost a decade....