It Came Upon a Fed Day Clear It finally happened. The Fed exited ZIRP exactly seven years to the day after it began. The Fed raised the Fed Funds Rate range to 0.25%-0.50%. As a result the bond market did… very little. Bond market participants were well prepared for liftoff and have learned to largely…
Late in this week’s congressional budget negotiations, a provision was introduced that will dramatically change the prospects of U.S. home production. It allows for the export of domestically produced crude oil. The move may escape an earlier threat of a presidential veto because, unlike on the state level where some governors have a line-item veto power…
The steady drumbeat of lower and lower Crude Oil prices continues. Oil’s fall from its peak in 2014 is up to an astounding 67%. This is fast approaching the largest decline in history, the 68% drop during the financial crisis of 2008-09. With the S&P 500 struggling to hit new highs in 2015, much of…
Video Length: 00:05:31 How? How does this happen? How does a set of circumstances so perfectly manifest that it creates the perfect feel good Christmas story, this close to Christmas? This truly is a holiday miracle. First we reported on his Turing Pharma jacking up the price of an AIDS drug from $13.50 to $750…
Plug Power Plug Power (NASDAQ:PLUG) is not a pretty stock. Even since its reverse 1:10 stock split in 2011, the Plug stock price is down. There was a flurry of activity in 2014 which peaked at around $8/share, but now Plug shares trade at around $2.20/share. Source: Plug stock price chart by amigobulls.com There is a good reason for this consistent and…
Shortly after the Federal Reserve’s rate hike announcement on Wednesday, Peter Schiff appeared on Fox Business alongside Moody’s Chief Economist John Lonski and Fox Business correspondent Charlie Gasparino. For once, everyone seemed to agree with Peter that the Fed’s decision does not actually mean the US economy is truly recovering. As Peter pointed out that everything…
Praxair (PX) has increased its dividend for 22 consecutive years and offers one of the highest quality cash flow streams an investor can find. With the stock down over 20% in 2015 and offering a 2.8% yield, it might be time for investors to consider taking a nibble in this blue chip dividend growth stock. Business…
In the last trading session, the U.S. stocks lost its Fed-fueled three-day winning streak on further slide in crude oil price. Among the top ETFs, investors saw (SPY – ETF report) lose 1.5%, (DIA – ETF report) shed 1.4% and (QQQ – ETF report) move lower by 1.5% on the day. Two more specialized ETFs are worth noting as both saw…
ECRI’s WLI Growth Index which forecasts economic growth six months forward – insignificantly improved but remains in negative territory. This index had spent 28 weeks in negative territory, then 15 weeks in positive territory – and now is in its 18th week in negative territory. This week ECRI released its lagging and coincident indices –…
Argentina has inaugurated a new pro-market president, Mauricio Macri. Venezuela has elected a two-thirds congressional majority in opposition to leftist President Nicolas Maduro. And Brazil’s parliament has introduced a resolution of impeachment against its leftist president, Dilma Rousseff. In short, Latin America’s governance appears to be improving rapidly – and that means there must be…
