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…
Market Update: Stocks futures are higher ahead of Tuesday’s open as investors digest another volatile session on Wall Street. Elsewhere, the U.S. Fed and the Bank of Japan both began their latest meetings that are scheduled to conclude tomorrow. Economic Data: Sell off big gain yesterday and get mini-gap to upside today. FOMC Meeting Begins…
Stocks opened higher but quickly lost ground and ended lower as the market continued trading all over the map. Apple fell which dragged the market lower as it pauses to digest a very strong rally last week. Elsewhere, several small biotech stocks rallied nicely after the FDA approved a controversial drug from Sarepta (SRPT). Economic…
Hillary says we need tougher vetting of immigrants. Is she now a racist? To Colin Kaepernick and the rest who are trying to make a point. Here is a point. Those same terrible men and women in uniform just risked their lives and caught a terrorist alive. This means there is a good chance we…
Our overall central bank theme remains the same. We believe every asset price, every data point and every economic statistic is working off of the easiest monetary policy in the history of time…and to the trillionth power. Because of this, we believe central banks can never roll back their nonsense. We simply believe they are boxed in…
SOURCE: http://www.wsj.com/articles/washingtons-wake-up-call-1473808747
1) Apple’s market cap is up over $60 billion since the upside surprise pre-order announcement. 2) Wells Fargo’s market cap is down almost $20 billion since the announcement of its chicanery. 3) A Dr. Natalie Azar was brought on MSNBC Thursday just to say Donald Trump “has some risk factors for heart disease.” No tests on him. No facts…
