Equites fell amid hawkish comments from Federal Reserve officials. High dividend shares and companies sensitive to a higher dollar declined the most while banks gained. Utilities are now down for eight consecutive sessions. Consumer staples and phone companies also got hit....
Is OPEC really going to cut production for the first time since 2008? It was announced the cartel will lower production by 796,000 barrels per day to 32.5 million. Depending upon the source, the world is oversupplied between 500,000 and 1 million barrels a day....
Equities shrugged off the drop in oil as consumer confidence rose and the perception that Hillary Clinton beat Donald Trump in their first debate....
Equities sputtered as some of the central bank euphoria waned. Oil fell about 3.5% after advancing earlier by almost 3% on confirmed reports by both The Financial Times and Reuters that Saudi Arabia agreed to cut daily production by 1 million barrels to around 9.5...
Equities rose again on the belief that the era of cheap money is not over. The dollar fell and oil rallied. The Fed is now off center stage and next week’s OPEC meeting and the upcoming earnings season and employment report will become the focus....
As expected a divided Federal Reserve left its policy rate unchanged for a sixth straight meeting, saying it would wait for more evidence of progress toward it goals, while projecting that increase is still likely by year end....
I am certain the mania surrounding this week’s Fed meeting will rise to a cascading crescendo. Even though I do not believe in this next comment, to write about anything else would be essentially meaningless. I again ask if a 0.25% increase makes a project...
Wow! Depending upon the oil inventory survey, inventories last week declined between14.5 and 12 million barrels versus an expected increase of between 905,000 and 225,000 barrels, respectively. This was the largest drawdown in either 17 or 30 years respectively and was the greatest “miss” in...
Treasuries climbed and the dollar slumped after data showing anemic expansion of the service sector bolstered speculation the Federal Reserve will not increase interest rates later in the month. Fed Funds futures are now suggesting a 24% chance, down from over 55% last week....
Many have argues August’s job report would have an unusually large influence on the Federal Reserve. In my view Friday’s release did not disappoint and is certain to fuel a heated discussion both within and outside the Fed....