The markets are continuing their bounce off support today, after the Fed did little except move their lips a little in their last statement for 2014. They will be ‘patient’ and I imagine they expect that you will be too. The charts will be updated with the remainder of today’s action tomorrow.
Notorious bears like Peter Schiff and John Hussman have been warning about the bull market’s inevitable demise for many years. Ignoring their gloom-n-doom predictions has been the better way to go. After all, six years of zero percent interest rate policy by the U.S. Federal Reserve successfully reflated portfolios heavily tilted toward U.S. equities. On…
Stocks are up and crude oil is down following The Fed’s confusing statement. Treasury yields whiplashed lower then higher and are holding slightly lower. Gold did the same – holding slightly above pre-FOMC levels. Bonds up, Stocks up, Gold up, Crude down… Crude Oil has given back all its spike gains… Be careful… Charts: Bloomberg
Release Date: December 17, 2014 For immediate release Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Labor market conditions improved further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of…
The Federal Reserve upgraded its assessment of the labor market, and changed the future guidance from “considerable time” to “can be patient in beginning to normalize the stance of monetary policy.” The statement also draws a distinction between market-based measures of inflation expectations, which have fallen, and survey-based measures, which are stable. We expect Yellen to…
The European Central bank has announced the total amount of money which was taken up by the banks in its second large push to shove its Long-Term Refinancing Offer (LTRO) down the throats of the banks. After the failure of September of this year where only a handful (255) banks took just 82.6B EUR, all…
Since the beginning of this year, Wall Street economists and analysts have been consistently prognosticating that following the Federal Reserve’s latest bond buying campaign, economic growth would gather steam and interest rates would begin to rise. This has consistently been the wrong call as I discussed in April of this year in “Interest Rate Predictions Meet…
Over the past eleven days, the S&P 500 has declined a little over 5%. This is now the 17th correction of greater than 5% since March 2009. As has been the case over the past few years, this minor short-term pullback has already led to chatter of a more dovish Fed to come. Many market participants…
Rosy GDP numbers may have cheered the masses, but John Williams of ShadowStats.com says we’re a long way from prosperity. In this interview with The Gold Report, Williams debunks the myth of economic recovery and warns that we still have serious debts to settle. That is why he is recommending caution in 2015 to preserve purchasing power and maintain…
General Mills Inc.’s (GIS – Analyst Report) beat the Zacks Consensus Estimate for earnings in the second quarter of fiscal 2015. However, revenues missed the consensus mark as the consumer food company continues to battle weak demand in the U.S. and slowdown in some of the international markets. Second-Quarter Earnings Second-quarter adjusted earnings per share of 80…
