Market Commentary Archives - Page 98 of 114 - Capitol Development Account

May was the Narrowest Trading Month in Six and Volume was the Lowest in Eight Months.

Monday I wrote this could be a pivotal week. Friday there are three major events that could influence the direction of the markets....

03 June, 2015

Markets Ended Quietly, but Moderately Lower on Friday.

Markets ended quietly but moderately lower on Friday. First quarter GDP was revised to -0.7% versus the previous estimate of 0.2%. Analysts had thought growth would be revised to -0.9%....

01 June, 2015

Monies Ultimately Gravitate to Sectors that Offer the Greatest Potential Reward and Least Potential Risk.

I have commented many times the markets have been co-opted by technology. An inordinate amount of market volatility is the result of indexing and ETFs, a view that is also partially shared by Fed Reserve Chairwoman Yellen....

29 May, 2015

The Simple Fact of the Matter is that at Some Juncture Short Term Interest Rates will Rise.

Equities came under considerable pressure yesterday albeit the volume was not heavy. It felt as the decline was the result of a lack of bidders versus heavy selling pressure. The catalyst for the moderate sell off…interest rate jitters and stronger dollar that hit the multinationals...

27 May, 2015

In My View the Much Awaited Speech by FRB Chair Yellen was a Non-Event.

In my view the much awaited speech by FRB Chair Yellen was a non-event. As I had commented to some, would Yellen make any comments that were un expected given her speech was one hour before the bond market closes for a long holiday weekend...

26 May, 2015

Is It a Function of AAA to Expect a Record Number of Miles to be Driven this Memorial Day Weekend?

Oil rose over 3.0% yesterday as the markets digested the news of a larger than expected oil inventory draw down and stronger than expected Chinese growth....

22 May, 2015

FOMC is “Surprised” Consumers Were Not Spending the Windfall From Lower Gasoline Prices.

The Minutes from the April FOMC meeting were a non-event. The Minutes stated that an interest rate hike in June is unlikely even though the Committee believes the first quarter slowdown is unlikely to persist....

21 May, 2015

The Dollar Rallied Versus the Euro Amid a Surge in Housing Data.

The dollar rallied versus the euro amid a surge in housing data and from ECB comments the bank is “pulling forward” asset purchases....

20 May, 2015

Is This the Return of Stagflation?

In my view there is a potential disconnect between recent economic data suggesting weakness and the weekly jobless data suggesting strength. Weekly jobless claims are around 15 year lows but recent statistics is projecting second quarter GDP around 1.0%....

19 May, 2015

Treasuries Rallied a Second Day as it Appears the Global Bond Rout is Easing.

Treasuries rallied a second day as it appears the global bond rout is easing. The dollar extended a fifth weekly slide and oil was up for the ninth consecutive week, the longest weekly advance since 1983. Gold rose Friday, rising to a 12 week high...

18 May, 2015