Stock Market Overview: Futures are lower ahead of Thursday’s open as markets digest the Fed meeting and the recent and strong rally we have seen in global markets. Gary’s Thoughts: Massive overhead resistance in the offing! Economic Data: Jobless Claims 8:30 AM ET Philadelphia Fed Business Outlook Survey 8:30 AM ET Current Account 8:30 AM ET Bloomberg Consumer Comfort…
“CENTRAL BANK PARTY GOES INTO OVERDRIVE” By Gary Kaltbaum 3/17/2016 garyk.com @GaryKaltbaum Fox News Business Contributor Greetings all. Today we are headed to China for 2 weeks…a little bit of business and a lot of touring. We will check back in with you from time to time to tell you what we are seeing. But first,…
http://www.foxbusiness.com/features/2016/03/16/uber-cooks-up-new-app-feeding-food-delivery-craze.html
http://www.foxbusiness.com/markets/2016/03/16/peabody-flags-bankruptcy-risk-after-skipping-interest-payment.html
http://www.foxbusiness.com/markets/2016/03/16/major-automakers-to-announce-pact-to-install-auto-braking-systems-by-2022.html
http://www.foxbusiness.com/markets/2016/03/16/oil-up-as-opec-firms-up-meet-u-s-gasoline-demand-soars.html
http://www.foxbusiness.com/markets/2016/03/16/fed-leaves-rates-unchanged-lowers-expectation-for-number-hikes-in-16.html
http://www.reuters.com/video/2016/03/16/china-industrial-unrest-set-to-worsen?videoId=367753268&videoChannel=118169
Obama nominates Garland to Supreme Court Fed holds steady, rate-setters now see two hikes this year Next week’s Republican debate canceled: local media U.S. data points to firming economy, inflation Senate advances bill to aid drug-dependent newborns
At 2pm, the Fed decided to leave rates steady and market participants lowered the odds to two rate hikes this year. Gary’s Thoughts: Make that NO rate hikes this year. Europe adds printing, China adds printing. Japan adds printing. Countries are buying up stock markets and all that has happened is the market is recovering some….
