Now that the FOMC has done it, we get to hear about how it was surely the “right” time for it. Unlike September, conditions are supposedly an order of magnitude more settled. That has given the policymaking economists the green light to make sure they start the normalization process before “overheating” becomes the central concern….
It was set up for bears to challenge with markets running close to moving average resistance, but in the end, bulls were able to push a break and pressure shorts. Volume wasn’t great, but it’s a start. The S&P closed above converging moving averages of the 20-day, 50-day and 200-day. There was a ‘buy’ trigger…
And so the Fed raised rates, in the manner in which you would have expected if you frequent this site. We are not quite out of the woods yet since the markets are certainly not transparent and efficient by any means, and this Friday is a quad witch. While it does not directly involve the…
Standing on the threshold of 2016, if you have an appetite for ‘energy’ stocks in a choppy market, you ought to first screen the industries from the broader energy sector for the prized catches. Several studies and historical data have proven that average stocks belonging to top-performing industries have a greater probability of outperforming the…
Some days make me feel so old. Actually, most days make me feel old, come to think of it; but some days make me feel old and wise. Yes, that’s it. It is a good time to remember that there are a whole lot of people in the market today, many of them managing many millions or…
He wanted to sell his business, and he asked what he should be doing to make the financials look good to prospective buyers. I knew he had built up the business quite well, but I didn’t know why he wanted to sell. “It’s becoming a grind,” he said. “I’m working 60 to 80 hours a…
If Yellen had written a personal email to everyone in the markets I do not think what the Fed did today could have been more obvious. The ‘big tickle’ was supposed to be the use of the word ‘gradual’ rather than ‘measured.’ If the economic data and the dovishness of the Fed did not make…
Photo Credit: Mike Mozart General Mills, Inc. (GIS) Consumer Staples – Food Products | Reports December 17, Before Market Opens Key Takeaways The Estimize consensus calls for revenue of $4.596 billion and EPS of $0.84, slightly higher than Wall Street’s estimate of $4.575 billion in revenue and $0.82 EPS. While organic and natural food only accounts for…
Photo Credit: Day Donaldson October 2015 December 2015 Comments Information received since the Federal Open Market Committee met in September suggests that economic activity has been expanding at a moderate pace. Information received since the Federal Open Market Committee met in October suggests that economic activity has been expanding at a moderate pace. No change. Household spending and business…
This afternoon the Fed raised interest rates by 25 basis points, i.e., .25%. Certainly a quarter point hike in rates should not have a significant impact overall. However, the economy does seem to be shifting into a lower gear. One note of caution is the industrial production report this morning. The report shows the first…
