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Equities advanced the most in eight months after a dovish tone from the Federal Reserve chairman fueled speculation the central bank is closer than thought to pausing on rate hikes.  FAANG led the markets higher. The Chairman said the economic outlook remains “solid,” bolstering expectations for...

The outcome of the Fed meeting was as largely as expected.  The Central Bank is on course to increase rates in December as strong economic growth, higher tariffs and rising wages look set to spur inflation. The Fed stated “economic activity gas been rising at a...

Banks and phone companies pushed stocks higher as the dollar is at the highest level versus the euro since 2003.  Financials are the direct beneficiary of a more hawkish Fed.  As most are aware, the central bank is now projecting three interest rate hikes in...

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....

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...

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....

I am relatively certain there will be a “countdown” clock on most financial TV stations for tomorrow’s FRB Chair Yellen’s speech.  Personally I find such annoying at best given that the most successful investor in the known universe has an average holding period of 19...

What will second quarter profits suggest?  As noted yesterday results are expected to decline by 5.7%, the fifth consecutive quarter drop and the longest decline since 2009.  The post Brexit rally is the result of promised additional central bank stimulus, not from increased corporate cashflows...