On Wednesday, stocks were higher but fell after the Fed released the minutes of its latest meeting. The minutes showed the Fed would entertain a potential June rate hike if economic conditions improved. The USD rallied hard on the news and a slew of commodities fell. Financial stocks were bid higher all day after the bulls…
“RATE HIKES? AND THE KNICKS WILL WIN THE NBA TITLE!” By Gary Kaltbaum May 19,2016 Headline: “In a clear message to the market, the Fed says rates may rise again in June.” Say what? Clear message? What clear message? Wasn’t it just a few weeks ago these same people said they were worried about international issues and had to stand…
Highlights: 1. Market Wrap 2. Gary takes an in-depth look at the Fed and the Fed minutes for you 3. Gary talks big financials
http://www.foxbusiness.com/politics/2016/05/18/trump-adviser-sessions-meets-with-top-conservative-economists.html
http://www.foxbusiness.com/politics/2016/05/18/trump-releases-scotus-nominee-picks.html
http://www.reuters.com/article/us-fiatchrysler-recall-idUSKCN0Y92O2?il=0
http://www.reuters.com/article/us-alphabet-conference-idUSKCN0Y92HX
http://www.bloomberg.com/view/articles/2016-05-18/germany-is-very-very-tired
https://video.foxbusiness.com/v/4899865535001/how-overtime-rules-are-hurting-small-businesses/?#sp=show-clips
SOURCE: https://www.zerohedge.com/news/2016-05-18/venezuelan-police-unleash-tear-gas-rubber-bullets-amid-violent-anti-government-prote
