ALWAYS EXPECT THE UNEXPECTED
Markets, led by energy and defense, staged a strong advance following the Paris bombings. Some were expecting considerable selling, the result of the proverbial fear trade...
Markets, led by energy and defense, staged a strong advance following the Paris bombings. Some were expecting considerable selling, the result of the proverbial fear trade...
I write my comments the night before thus suggesting today’s remarks may be meaningless given the events that occurred Friday evening. Has the world forever changed? Did the European progressive movement end dramatically? How will Pairs affect the US presidential election and proposed economic policies?...
Typically bond investors and economists have little difference of opinion. Today the gap is huge. According to economists surveyed by the WSJ, the Fed Funds rate should climb to 2% in a two year period. Ten year treasury investors with a yield at 2.04% do...
Equites were encouraged by FRB Chair Yellen’s speech indicating a change in monetary policy may occur this year, a tantamount “all clear sign” for the economy. ...
Will confusion now reign? Has the FOMC’s vail of omnipotence been pierced? Many are confused by the outcome of the recent Fed meeting. For almost a year the central bank has been suggesting a change in monetary policy is forthcoming. By the Fed’s own admission...
Last weekend I watched Ground Hog Day, thinking is this not occurring in the equity markets? Every day it is the same narrative. The Fed may/may not increase interest rates. Oil is going to continue to drop. China is going to bring the...
Markets traded lower Friday on August’s employment data. I believe the statistics were mixed and can be used to make a case for or against a rate hike at the upcoming FOMC meeting. I again ask does 0.25% really matter economically? Unfortunately it...
The weeks leading into Labor Day are historically quiet. To write the obvious, the last three weeks have been nothing but quiet. The must owned names are imploding. Oil was crushed then staged a 3 day 27% rally, the greatest since the Kuwaiti...
Early last week I opined the status quo was on the verge of major change. Little did I know how prophetic my words would have become? Since that statement; the Dow has plunged over 1000 points, there have been several high profile devaluations that are...
Today the Minutes from the July FOMC meeting are released. As noted yesterday, the economic landscape is different today than that of three weeks ago. Housing and autos are showing considerable strength. China has devalued. Oil has plunged, falling by a record amount in July. ...