Stocks rallied on Thursday one day after the Bank of Japan and the U.S. Federal Reserve fired their latest easy money bazooka’s. Economic data was mixed. Weekly jobless claims came in at 252k, beating the Street’s estimate for 261k. The Chicago Fed National Activity Index fell to -0.55, missing estimates for 0.15. The FHFA House…
Market Update: Stocks futures are quiet ahead of Friday’s open as the market pauses to digest a strong two day post Fed rally. Economic Data: Quiet day would be perfect. PMI Manufacturing Index Flash 9:45 AM ET Atlanta Fed Business Inflation Expectations 10:00 AM ET Patrick Harker Speaks 12:00 PM ET Regional Fed presidents panel 12:20 PM ET Robert…
Stocks rallied on Wednesday after the Bank of Japan and The U.S. Federal Reserve both erred on the side of more easy money. Before Wednesday’s open, the BOJ surprised the market and said it will target the yield curve and announced a new catch phrase: YCC (Yield Curve Control). The BOJ also left the door open…
“THE LAST WORD ON THE FED? DOUBT IT!” By Gary Kaltbaum- September 22,2016 We are in hopes this is the last time we have to talk about central banks for now because we must tell you, we are sick of it ourselves. But they run markets. They are the markets. They have put themselves into…
Market Update: Stocks futures are higher on Thursday as the market digests more dovish action from the U.S. Federal Reserve and the Bank of Japan. Economic Data: Exactly! Nasdaq at highs. Other indices now attempting to get back above 50 day. Jobless Claims 8:30 AM ET Chicago Fed National Activity Index 8:30 AM ET FHFA House Price Index 9:00…
On September 8-9, Janet Yellen sent out a couple of fedeads to talk tough about raising rates. On Friday,September 9, the Dow dropped over 400 points. On Monday, September 12, Janet Yellen sent out two more fedheads to completely roll back what was said on September 8-9. That was the end of any potential rate…
Stocks opened higher on Tuesday but drifted lower as the Fed and the Bank of Japan began their latest meetings on interest rates. Before the open, The Commerce Department said residential housing starts slid -5.8% to a 1.14 million annualized rate,missing estimates for 1.190 million. It also missed last month’s revised 1.21 million rate. The…
Another Fed day. Yippee! And then we get a presser. Double yippee! None of it matters to the economy. Unfortunately, central banks here and around the globe have enabled the build-up of massive debt and leverage. This is the headwind to economies growing. How can one grow when a government spends double what it spent…
One has to wonder when WE were actually rooting Elizabeth Warren on. Unfortunately for the CEO of Wells Fargo, instead of looking from the outside in at the company, he has been looking from the inside of the company out. This simply means that they forgot the #1 rule of public relations. It’s not what you think,…
Market Update: Stocks futures are higher ahead of Wednesday’s open after the Bank of Japan announced more easy money measures to stimulate markets. They are targeting their yield curve and left the door open for more easy money. The new catch phrase is YCC or Yield curve control because the BoJ wants to help inflation get…
