Headwinds Abound This Week
Almost all markets finished on a sour note last week and that spilled over to begin the new week. While I have written about stocks needing a short-term breather, I was surprised that treasury bonds could not get a lift as stocks weakened. In fact, both stocks and bonds peaked the same week, but bonds sold off more significantly, something that is unusual. The major stock market indices certainly look like they want at least a little rally, but the […]
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Date: September 16, 2014
Fed Statement Day Trend
That certainly felt like a quick six weeks since the Fed’s last statement day and press conference! Today, Yellen & Co. conclude their two day meeting with a statement to be released at 2:00 pm est and no press conference. As has been the case since the first taper last December, the Fed will reduce their assets purchases by another $10 billion to $25 billion per month on their to wrapping up quantitative easing this fall. There has been a […]
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Date: July 30, 2014
Much Ado About Nothing from Yellen & Fed Today
My how time flies… It’s Fed decision day again with Janet Yellen set to announce another $10 billion cut from bond purchases, keeping the FOMC on pace to wind down QE Unlimited later this year. After the 2pm announcement, Ms. Yellen will head over to the always entertaining (NOT) press conference. One thing I am sure of is that the Fed chair will not commit another rookie, foot in mouth, Joe Biden esque’ gaffe by committing to a specific timeline […]
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Date: June 18, 2014
Janet Yellen’s First Fed Statement Day
My how time flies! We just said goodbye to Ben Bernanke and hello to Janet Yellen and now it’s time for Fed day again. It is widely expected that the FOMC will taper another $10 billion to $55 billion per month in quantitative easing as it continues down the path to wrapping up QE by the end of the year. There is also an expectation that the Fed changes their interest rate scenario from quantitative to qualitative with Yellen giving […]
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Date: March 19, 2014
