Markets

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….

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,…

Stocks were relatively quiet on Tuesday after the Bank of Japan did nothing at their latest meeting but did say they are ready to add more stimulus if needed. In the U.S., the producer price index fell -0.2%, matching estimates for -0.2%. Meanwhile, retail sales slid by -0.1%, also matching estimates. The Empire State Manufacturing report…

Biotech continues to lag this recent rally and badly. We noted this in the past week. We are not sure if it is meaningful to the markets but to quote ourselves from yesterday’s radio show: “If they cannot rally while the market is going up, then when the market goes down, they will lead down!”…

Stocks were mixed to mostly higher on Monday as the market continues to grind higher ahead of Wednesday’s Fed meeting. Overnight, China said industrial output was the weakest since 2009, but the Shanghai index still rallied close to 2%. The rally in Chinese stocks came after the new head securities regulator made it clear that he…

Stock Market Overview:  Futures are lower ahead of Tuesday’s open as markets digest the Bank of Japan (BOJ) decision to keep monetary policy unchanged and wait for the Fed to conclude its latest meeting on Wednesday. Gary’s Thoughts: We came into the week thinking commodities could pull back and things need to slow down as we are…

Just remember, everything is fine as long as markets cooperate. Just remember, central banks are defending the markets because they are afraid of what the markets might do if they did not constantly interfere with their 0% rates, negative rates, printing of money and their outright buying of equities and now, Europe’s buying of corporates. Just…

Stock Market Overview:  Futures are up nicely before Friday’s open after Thursday’s wild post ECB action. The ECB threw the kitchen sink, the drapes, the furniture, the pool, the acreage and everything else under the sun but stocks still sold off then ended flat in the US. Next week we have the Bank of Japan…

It was a wild day in markets across the globe. Stocks opened higher but closed lower on Thursday in a classic case of buy the rumor and sell the news. Before Thursday’s open, the European Central Bank (ECB) fired another shot from their easy money bazooka. The ECB cut their benchmark interest rate to 0%…