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...

Markets were initially nervously quiet and volatile, volatility the result of considerable anxiety surrounding the constant headlines of war and disease, possible slowing global growth, monetary policy uncertainty, all amplified by the lack of leadership.  The popular averages were relatively unchanged before the Canadian shooting,...

How much of today’s volatility is the result of the election?  Many times I have opined the averages decline 5% to 20% in a midterm because of uncertainty.  If one is to believe the polls, there will be a change of power in the Senate....