Fed officials jawbone the markets and spread disinformation. They figure it’s part of their job as central planners. It’s not enough to pull the levers and twist the knobs on interest rates, the money supply, and asset prices. They also use propaganda to manage investor psychology. It’s all smoke and mirrors. Frustrated precious metals investors…
The US market reopened today after its three-day Easter weekend, but the equity trade spent the session in the doldrums. Our benchmark S&P 500 logged its smallest intraday trading range of the year from its -0.20% morning low to its 0.33% mid-afternoon high. During the final two hours the index bounced off the flat-line a…
Markets snapped a chain of five consecutive weekly gains last Thursday to close in the red for the Good Friday holiday. More significantly, the S&P 500 gave up its gains for the year on Wednesday, lending a somber note to the proceedings. Some of these losses are attributable to Tuesday’s horrific terror attacks in Brussels…
While the S&P 500 price action is my primary guide for gauging market sentiment, it does help to keep a close eye on the Nasdaq and Russell and to a lesser extent, the Dow Jones Industrial Average. When I look at the Nasdaq, unlike the other indices, you have an index that is having an…
“Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude” – Thomas Jefferson Pretty quiet with Europe closed but we did see some good moves and even when an officer was shot in Washington and we saw the Capital put…
Today was an exceptionally quiet day in the markets, with volumes off almost 30% from the twenty day moving average. Most likely this is because of the number of people who are on Easter holiday, quite popular in Europe and a thing for the upper crust in the states. Economic news came in weakly this…
Western nations are bankrupt. This is “old news” to regular readers, as is the (obvious) conclusion that these corrupt/insolvent regimes will once again have to resort to History’s economic get-out-of-jail-free card: Debt Jubilee. What has been far less-obvious is what form such a “jubilee” would take. We live in a Crime Syndicate system. Literally every facet of our…
WYOMISSING, Pa., March 28, 2016 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (the “Company” or “GLPI”) (NASDAQ:GLPI), the first publicly traded gaming-focused REIT in North America, today announced that it has commenced an offering to sell 19,000,000 shares of its common stock in an underwritten public offering.The Company intends to grant the underwriters a…
While many were looking forward to the weekend in last week’s holiday-shortened week for some overdue downtime, the CEOs of five, mostly energy, companies had nothing but bad news for their employees and shareholders: they had no choice but to throw in the towel and file for bankruptcy. And, as Bloomberg reports, with last week’s…
In the wake of a dismal personal income and outlays report today, the Atlanta Fed GDPNow Model forecast plunged to +0.6%. Recall that on March 21, Atlanta Fed president Dennis Lockhart cited “sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled…
