FOMC Statement coming out During the session on Wednesday, without a doubt the FOMC Statement is the biggest mover of markets that we coming out. The question isn’t whether or not the Federal Reserve can raise interest rates, but whether or not they will continue to do so. Because of this, the markets might be…
(Photo Credit: Роман Magician) Blackberry (BBRY) – Information Technology – Computers & Peripherals | Reports December 18, before market open Key Takeaways The Estimize consensus calls for FQ3 2016 revenue of $491.63, slightly higher than Wall Street’s estimate for $485.21 million. BlackBerry has struggled to compete with popular handsets and now controls less than 1% of the…
The Chart of the Day belongs to Clorox (NYSE: CLX). I found the stock by using Barchart to sort the Russell 3000 Index stocks first for the highest number of new highs in the last 20 trading sessions, then again for technical buy signals of 80% or better. I always use the Flipchart feature to review the charts. Since the Trend Spotter…
After an extended period of under performance for the Russell 2000, today saw it gain over a percentage point and close near the day’s high. It’s a positive response to the test of former channel resistance turned support, but it will have to watch supply as it approaches the moving averages. The S&P was…
The latest developments from China’s monetary realm were the IMF’s inclusion of RMB into its “reserve” basket, and at a proportion greater than either the pound or yen. None of that is surprising, however, nor is it truly meaningful as a practical matter. The change is more of an official stamp upon what transpired long ago,…
Gold and silver went sideways to slightly lower in a choppy trade today ahead of the FOMC announcement tomorrow afternoon. There is a heavy lean towards believing that the Fed will raise rates 25 basis points. Fed Funds futures are indicating expectation of a move to 100 basis points total by the end of next…
What could be more perfect for the Federal Reserve than to finish this year with the entire spotlight on it? The 2-day long FOMC meeting, the last one in 2015, which is scheduled to wrap up on Wednesday, is widely expected to come up with a rate hike announcement, the first one since 2006. Fed…
Following last week’s huge draw, total crude inventories were expected to drop 1 million barrels this week driven by expectations that refinery utilization rose last week. When API reported a hugely surprising 2.3 million barrel build, crude prices, which had drifted off highs after NYMEX close, dropped further as disappointment set in, back under $37. A majorly unexpected build… And crude prices…
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs…
US industrial production is expected to post a modest rebound, rising 0.1% in tomorrow’s November report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The forecast contrasts with the previously reported 0.2% decline in October. The Capital Spectator’s average prediction is above three recent surveys of economists…
