Major Automakers to Announce Pact to Install Auto-Braking Systems by 2022 @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/16/major-automakers-to-announce-pact-to-install-auto-braking-systems-by-2022.html
Oil up as OPEC Firms up Meet, U.S. Gasoline Demand Soars @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/16/oil-up-as-opec-firms-up-meet-u-s-gasoline-demand-soars.html
Fed Leaves Rates Unchanged, Lowers Expectation for Number of Hikes in ’16 @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/16/fed-leaves-rates-unchanged-lowers-expectation-for-number-hikes-in-16.html
China industrial unrest set to worsen?
http://www.reuters.com/video/2016/03/16/china-industrial-unrest-set-to-worsen?videoId=367753268&videoChannel=118169
Required Reading
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
The Closing Look
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….
The Morning Look
Stock futures are relatively quiet as the world waits for the Fed meeting and press conference later today. Gary’s Thoughts: Into the fed, just watch oils and financials. Both have set-ups to break out of. If they can go topside, there will be more upside. Remember, Japan printing 700 bil/year…Europe 1 trillion, China…over 1 tril,…
Fed Seen Standing Firm on Rates Until June @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/15/fed-seen-standing-firm-on-rates-until-june.html
Retail Sales Dip in February; January Revised Sharply Lower @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/15/retail-sales-dip-in-february-january-revised-sharply-lower.html