US Economic Growth ‘Robust’ and On Track

US Economic Growth ‘Robust’ and On Track

US Economic Growth ‘Robust’ and On Track Strong business borrowing, rising consumer spending, plus tight labor markets indicate the US economy remains on track for continued growth, the Fed reported Wednesday, the risks of a global trade war the only outlier. In its periodic “Beige Book” summary of contacts with businesses in its 12 regional districts, the […]

The ‘Volcker’ Rule Hobbles US Capital Markets

The ‘Volcker’ Rule Hobbles US Capital Markets

The ‘Volcker’ Rule Hobbles US Capital Markets Stop asking if the Hussein Obama era Volcker Rule works, it does not. Tuesday, a Key FOMC member in charge of bank supervision said that the Volcker Rule, which limits some speculative bank investments, is working poorly. The testimony before a congressional oversight committee comes amid lobbying efforts […]

Investors Rotating Leadership from QE ‘Winners’ to QE ‘Losers’

Investors Rotating Leadership from QE ‘Winners’ to QE ‘Losers’

Investors Rotating Leadership form QE ‘Winners’ to QE ‘Losers’ $DIA, $SPY, $QQQ, $VXX Analysts are expecting investors will shift their holdings as the realization sinks in that the Fed is committed to raising interest rates until a major event compels the central bank to reverse course. That means investments that had strong gains during a […]

Healthy Economy, Strong Earnings Will Drive Stock Market North

Healthy Economy, Strong Earnings Will Drive Stock Market North

Healthy Economy, Strong Earnings Will Drive Stock Market North $DIA, $SPY, $QQQ Soon the stock market will reflect the economy, and all systems are on Go. March Private Sector Jobs, Non-Manufacturing Activity and Help Wanted OnLine ADP: 241,000; Goods: 65,000/ ISM (Non-Man.): -0.7 point; Orders: -5.3 points/ HWOL: up 102,100 The Institute for Supply Management’s […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Last Thursday, the Month/Quarter ended higher ahead of a 4 day Holiday Weekend, so the Big Q is does new money enter and help extend Thursday’s move, and do gains hold. And let’s not forget the volatility, will it calm. Remember, a market rally has to […]

Traders Like Volatility, Investors Like Strong Earnings

Traders Like Volatility, Investors Like Strong Earnings

Traders Like Volatility, Investors Like Strong Earnings $DIA, $SPY, $QQQ, $VXX Stock investors are hoping a strong earnings season to restore the optimism that characterized equity markets last year. Traders are happy given the surge in volatility this year Analysts predict strong results results ahead with Q-1 S&P 500 profit growth on track to be […]

Gold Finished the Quarter with a Gainer, Bulls Happy

Gold Finished the Quarter with a Gainer, Bulls Happy

Gold Finished the Quarter with a Gainer, Bulls Happy $GLD Gold Bulls are finding Y 2018 a Happy Time so far.=. Gold is wrapping up a 3rd quarterly gainer, something not seen since Y 2011, and ETF (exchange-traded fund) holdings are near the highest in 5 years. Safe-haven demand may also get a boost with […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Global stock market look soft this week. Between the media trade banter, Month/Quarter end re-balancing and the Easter holiday-shortened week things can happen, even nothing much, as many Wall Street traders are on Spring vacation. Expect quiet on the G-10, and data fronts given the […]

FOMC’s Rate Hike Will Not Slow President Trump’s Economic Plan

FOMC’s Rate Hike Will Not Slow President Trump’s Economic Plan

FOMC’s Rate Hike Will Not Slow President Trump’s Economic Plan The Powell Fed shows confidence in the US Economy The Fed’s rate increase Wednesday will not slow President Donald Trump’s economic agenda, but it will make home mortgages more costly. “I don’t think this is going to affect the economic expansion very much,” economist Peter […]

Fed Hikes, Stocks Fall, Gold Rises

Fed Hikes, Stocks Fall, Gold Rises

Fed Hikes, Stocks Fall, Gold Rises $DIA, $SPY, $QQQ, $GLD Stocks swung sharply Wednesday afternoon following the release of the FOMC’s policy directive, which increased the fed funds target range by 25 bpts to 1.50%-1.75%. Overall the hike was priced in ahead of the Fed’s expected move. The S&P 500, the NAS Comp, and the […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Another big economic data week ahead. The FOMC meets Tuesday and Wednesday, and is expected to raise rates 25 bpts at the meeting. The other big econo news will be Existing Home Sales, Leading Economic Indicators, Durable Goods Orders, and New Home Sales. And in […]

US Retail Sales Slide for 3rd Month Running, Inflation Edges Up

US Retail Sales Slide for 3rd Month Running, Inflation Edges Up

US Retail Sales Slide for 3rd Month Running, Inflation Edges Up $DIA, $SPY, $QQQ, $VXX US retail sales fell for a 3rd straight month in February as households cut back on purchases of motor vehicles and other big-ticket items. Despite signs of cooling in consumer spending, inflation pressures are building, which may allow the Fed […]

Key US Econ Data: Inflation Tame, Job Growth Strong

Key US Econ Data: Inflation Tame, Job Growth Strong

Key US Econ Data: Inflation Tame, Job Growth Strong $DIA, $SPY, $QQQ, $VXX Even with strong job gains and optimistic small business owners, inflation still at reasonable marks February Consumer Prices, Real Earnings and Small Business Optimism CPI: +0.2%; Over-Year: +2.2%; Less Food and Energy: +0.2%; Over-Year: +1.8%/ Hourly Earnings (Monthly): 0%; Over-Year: +0.4%/ NFIB: […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The leadership is leading the big moves on the indices with some to new highs, others attacking the near term resistance on the way to highs. Explore the laggards with good patterns, they are getting the time they need to complete patterns and join the […]

China Can ‘Open Up’ More, We Expect it Will

China Can ‘Open Up’ More, We Expect it Will

China Can ‘Open Up’ More, We Expect it Will People’s Bank of China (PBoC) Governor Zhou Xiaochuan, 70 anni, said market access reforms should be accelerated and that the world’s 2nd-largest economy “ can be bolder in opening up.” Policy makers are now focused on achieving “quality” growth, rather than the pace of expansion, which […]

Moderate Inflation Ahead, Tight Job Market Boosts Wages

Moderate Inflation Ahead, Tight Job Market Boosts Wages

Moderate Inflation Ahead, Tight Job Market Boosts Wages $DIA, $SPY, $QQQ, $VXX  The United States Steel Corporation (NYSE:X) announced plans to reopen an Illinois factory following President Donald Trump’s decision to impose a new tariff on imported steel. A tight US labor market was helping lift wages across most of the nation through late February […]

FOMC Eyeing Inflation, ‘Strike a Balance; with Rate Hikes

FOMC Eyeing Inflation, ‘Strike a Balance; with Rate Hikes

FOMC Eyeing Inflation, ‘Strike a Balance’ with Rate Hikes Fed Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told US lawmakers Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts […]

‘Things Continue to Look Up’ for US Economy

‘Things Continue to Look Up’ for US Economy

‘Things Continue to Look Up’ for US Economy $DIA, $SPY, $QQQ, $VXX The Fed is carefully raising interest rates against a growing economic background that has cheered up conditions for the nation’s lenders, said Federal Reserve Bank of Atlanta President Raphael Bostic. After years of emergency-era monetary policy, Fed officials are “in an increasing-rate environment, […]

The Trump Effect: US Jobs Growth Strong

The Trump Effect: US Jobs Growth Strong

The Trump Effect: US Jobs Growth Strong $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy. The economy’s brightening prospects were also underscored by other data Thursday showing a gauge of […]

Inflation & Gold, the Link Between the Elements

Inflation & Gold, the Link Between the Elements

Inflation & Gold, the Link Between the Elements $GLD The Big Q: On fueled inflation will Gold’s price soar? The Big A: The recent US NFPs report showed that wages had jumped 2.9% in January on an annual basis. It was the best since Y 2009, which awakened investor fears of inflation. That’s why investors awaited Wednesday’s data on […]

CPI Came in ‘Hot’, US Stock Market Shrugged it Off and Spiked

CPI Came in ‘Hot’, US Stock Market Shrugged it Off and Spiked

CPI Came in ‘Hot’, US Stock Market Shrugged it Off and Spiked $DIA, $SPY, $QQQ, $VXX The stock market pundits fears about inflation are inflated. Econ 101: No Inflation, No Growth Top-weighted financials and technology sectors lead market higher Wednesday, US stocks finished sharply higher, shrugging off an initial sharp decline in futures pre-market immediately […]

Monetary Policy is the Engine-of-Inflation

Monetary Policy is the Engine-of-Inflation

Monetary Policy is the Engine-of-Inflation $DIA, $GLD, $SLV Just 2 Friday’s ago, on January 26th The Dow Jones Industrial Average (DJIA) made its latest BEV Zero, new all-time high.  Then 9 trading days later on Thursday February 8th it broke below its BEV -10% line in a dramatic fashion. The BEV plot seen below begins at […]

Americans Filing for Unemployment Benefits at 45 yr Lows

Americans Filing for Unemployment Benefits at 45 yr Lows

Americans Filing for Unemployment Benefits at 45 yr Lows The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in almost 45 years as the labor market tightened further, driving expectations of faster wage growth this year. Initial claims for state unemployment benefits decreased 9,000 to a seasonally […]

Fed: US Stock Market Outlook Unchanged in Growing Economy

Fed: US Stock Market Outlook Unchanged in Growing Economy

Fed: US Stock Market Outlook Unchanged in Growing Economy $DIA, $SPY, $QQQ, $VXX Fed officials played down recent volatility in global stock markets, sounding as resolved to push ahead with gradual increases in interest rates as before the pullback. “Having a bump like this has virtually no consequence in my view of the economic outlook,” […]

DJIA Pullback Linked to Bond Market Not DC Disclosures

DJIA Pullback Linked to Bond Market Not DC Disclosures

DJIA Pullback Linked to Bond Market Not DC Disclosures $DJIA Last week’s US stock market pullback related to movements in the bond market, and not to the release of a GOP House Intel memo that accuses FBI and DOJ investigators of anti-Trump bias, that has indicated President Trump in the Russia probe.  President Trump’s position […]

US Jobs Report: NFPs +200,000, Wages Rise Most Since 2009

US Jobs Report: NFPs +200,000, Wages Rise Most Since 2009

US Jobs Report: NFPs +200,000, Wages Rise Most Since 2009 $AAPL, $WMT “Jobs, Jobs, Jobs” US job growth rose in January and wages increased too, recording their largest annual gainer in more than 8.5 years, bolstering expectations that inflation will push higher this year as the labor market hits full employment. Remember, No inflation, No […]

Fed Leaves Rates Unchanged

Fed Leaves Rates Unchanged

Fed Leaves Rates Unchanged The Fed decided to leave rates unchanged, as expected, and noted that near-term risks to the economic outlook appear roughly balanced, but policymakers are keeping an eye on inflation, which has been slow to pick up despite a tightening of the labor market. Fed officials expect that, with further gradual adjustments […]

World’s Financial Markets ‘Bloated’ with Liquidity

World’s Financial Markets ‘Bloated’ with Liquidity

World’s Financial Markets ‘Bloated’ with Liquidity $DIA, $GLD, $SLV As far as the market trends I usually follow went last week, nothing new in the broad stock or precious metals markets, more of the same old stuff. The Dow Jones (DJIA) made another new all-time high Wednesday, the 95th since the November 2016 election.  But besides […]

US Economy, Inflation Growing at Sustainable Pace

US Economy, Inflation Growing at Sustainable Pace

US Economy, Inflation Growing at Sustainable Pace The US economy and inflation expanded at a modest-to-moderate pace from late November through the end of Y 2017, while wages continued to push higher, the Fed Wednesday. “Most districts said that wages increased at a modest pace,” the U.S. central bank said in its periodic Beige Book report […]

US Core Consumer Prices Mark Big Gainer

US Core Consumer Prices Mark Big Gainer

US Core Consumer Prices Mark Big Gainer US consumer prices recorded their largest increase in 11 months in December on strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year. Stock soar on inflation news: no inflation, no growth The strengthening domestic demand was underscored by other […]

Fed Doves Calling for ‘Slow’ Tightening

Fed Doves Calling for ‘Slow’ Tightening

Fed Doves Calling for ‘Slow’ Tightening The Fed should be patient as it raises interest rates this year, said Federal Reserve Bank of Atlanta President Raphael Bostic, adding his voice to other Dovish comments from officials concerned by low inflation and the risk of an inverted yield curve. “I am comfortable continuing with a slow […]

Seeing Inflation Almost Everywhere We Look, Growth Too!

Seeing Inflation Almost Everywhere We Look, Growth Too!

Seeing Inflation Almost Everywhere We Look, Growth Too! Investors with the idea that inflation will stay subdued should be concerned. Worldwide data have recently made clear that PPIs (producer-price indexes) have ticked up leading bond buyers to begin wagering that consumer inflation could be soon to follow, with US breakeven rates above 2% in here The […]

Wall Street Sees Continuing Rise in 2018, Healthy 10-15% Correction Expected

Wall Street Sees Continuing Rise in 2018, Healthy 10-15% Correction Expected

Wall Street Sees Continuing Rise in 2018, Healthy 10-15% Correction Expected $DIA, $SPY, $QQQ, $VXX The Bull Market is on track to mark its 9th birthday on 9 March 2018, with the S&P 500 climbing 19.4% in Y 2017, its biggest run since 2013. The drop in the corporate tax rate in Y 2018, to […]

Top-Ranked US Economist Sees Strong Growth in 2018

Top-Ranked US Economist Sees Strong Growth in 2018

 US Economist Sees Strong Growth in 2018 $DIA, $SPY, $QQQ, $VXX A top-ranked US economist last year predicted that real US economic growth would reach 3% in Y 2017. “With a tax cut package finally passed by Congress, growth is likely to remain robust as we head into 2018,” Steven Stanley said. “The economy’s 2% […]

President Donald ‘Santa’ Trump Delivering Strong Economic Data

President Donald ‘Santa’ Trump Delivering Strong Economic Data

President Donald ‘Santa’ Trump Delivering Strong Economic Data There looks to be no end to the strong data. Revised Q-3 GDP, December Philadelphia Fed Manufacturing Index, November Leading Indicators, October Home Prices and Weekly Jobless Claims GDP: 3.2% (down 0.1 percentage point) Phila. Fed: +3.5 points LEI: +0.4% Home Prices (Over-Year) +6.6% Jobless Claims: +20,000 […]

US Growth is Expected to Stay Above the Forecast Rate

US Growth is Expected to Stay Above the Forecast Rate

US Growth is Expected to Stay Above the Forecast Rate $DIA, $SPY, $QQQ, $VXX Econ 101: no inflation no growth. Investors have been underestimating the importance of US economic growth for Fed policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, If it starts looking more […]

Bear Market Volatility, 200 Day Count in this Bull Market

Bear Market Volatility, 200 Day Count in this Bull Market

Bear Market Volatility, 200 Day Count in this Bull Market $DIA, $VXX, $GLD Anything I say this week may appear foolish this Friday. Unless something big happens, this is my last article for 2017.  I plan to submit my next for the weekend of January 13-14.  I do not expect my readers will be missing […]

US Stocks at Record Highs as Fed Hikes Rates

US Stocks at Record Highs as Fed Hikes Rates

US Stocks at Record Highs as Fed Hikes Rates $DIA, $SPY, $QQQ, $VXX The Trump Rally Extends The Fed followed through on an expected interest-rate increase and raised their forecast for economic growth in Y 2018. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further,” the Federal Open Market […]

S&P 500, DJIA at Record Marks, as Bank Stocks Gain

S&P 500, DJIA at Record Marks, as Bank Stocks Gain

S&P 500, DJIA at Record Marks, as Bank Stocks Gain $DIA, $SPY, $QQQ, $VXX Tuesday, the S&P 500 and the DJIA marketrecord levels in early afternoon trading as Boeing (NYSE:BA)rose and bank stocks gained ahead of a near certain move by the Fed to raise interest rate. Losses in technology heavyweights, including Apple (NASDAQ:AAPL), and […]

Americans’ Economic Confidence Is Strong

Americans’ Economic Confidence Is Strong

Americans’ Economic Confidence Is Strong $DIA, $SPY, $BA Americans’ confidence in the economy remains strong heading into the final weeks of the Christmas Holiday shopping season. Gallup’s U.S. Economic Confidence Index registered +7 last week, similar to the prior week’s score of +9 and close to this year’s average of +6. Americans’ low expectations for how the […]

The Step Sum Boxes for DJIA and Gold

The Step Sum Boxes for DJIA and Gold

The Step Sum Boxes for DJIA and Gold $DIA, $GLD, $SLV Once again, the DJIA, aka Dow Jones, closed the week at a new all-time high, another BEV Zero in the Bear’s Eye View chart below. That makes 82 new all-time highs since last November’s Presidential election. That’s 30% of the Dow Jones’ daily closings […]

Rising Stocks, Home Values Driving American Household Wealth

Rising Stocks, Home Values Driving American Household Wealth

Rising Stocks, Home Values Driving American Household Wealth $DIA, $SPY, $QQQ, $VXX Rising stock prices and steady increases in home values powered American household wealth to $96.9-T, the Fed said Thursday. US wealth has made a remarkable comeback since the Great Recession, when it dove more than $10-T to $56.2-T.   The Fed’s latest figures […]

Bitcoin Bears Have Sharp Teeth, Big Appetites and Deep Pockets

Bitcoin Bears Have Sharp Teeth, Big Appetites and Deep Pockets

Bitcoin Bears Have Sharp Teeth, Big Appetites and Deep Pockets The Data Show That Nearly 50% of ICO Investors are Europeans $BTCUSD $CME, $CBOE Nearly 50% of the cash that has poured into newly issued ICOs (cryptocurrencies) in recent years has been raised in Europe, research published Thursday showed. The report by Atomico, one of Europe’s […]

Fed: Bitcoin Could Threaten Financial Stability

Fed: Bitcoin Could Threaten Financial Stability

Fed: Bitcoin Could Threaten Financial Stability $BTCUSD, $CME, $CBOE Currently Bitcoin is trading at 10,716.3203+1,175.87 (+12.33%) As of 9:06PM GMT. Market open. Cryptocurrencies could pose a threat to financial stability as they gain wider use, a chief Fed banking oversight official said. The remarks from newly-installed Fed Vice Chairman for Supervision Randal Quarles came as Bitcoin’s price […]

Economy Steams Ahead Under President Trump’s Deregulation Policy

Economy Steams Ahead Under President Trump’s Deregulation Policy

Economy Steams Ahead Under President Trump’s Deregulation Policy $DIA, $SPY, $QQQ, $VXX Fed Chairwoman Janet Yellen, in her final testimony to Congress as head of the central bank, described a steadily brightening picture for the US economy while downplaying the risks of financial instability. “The economic expansion is increasingly broad based across sectors as well […]

Central Banks are Not Innovators, Bitcoin Threatens

Central Banks are Not Innovators, Bitcoin Threatens

Central Banks are Not Innovators, Bitcoin Threatens $BTCUSD The Big Q: Should central banks embrace cryptocurrencies, or even pioneer their own? The Big A: No. Cryptocurrencies aka crypto assets, are a new and unusual financial medium innovation, and to centralize them in a bureaucracy is wrong. However, the POBC, China’s central bank, says it is working to […]

Gold Up for 3rd Day Running On US Inflation Data

Gold Up for 3rd Day Running On US Inflation Data

Gold Up for 3rd Day Running On US Inflation Data $GLD, $SLV, $MTAFF, $USD Gold prices rose for a 3rd day running Wednesday, and was flat Thursday, as USD weakened and US bond yields fell despite solid US economic data that reinforced expectations that the Fed will press ahead with increases to US interest rates, […]

Economic-Confidence Index at Near 9-Year Highs

Economic-Confidence Index at Near 9-Year Highs

Economic-Confidence Index at Near 9-Year Highs America First! Americans’ confidence in the economy remained steady last week, holding at the highest level since mid-August and one of the highest levels in the past nine years. Gallup’s US Economic Confidence Index averaged +7 for the week ending  12 November. Amid a booming stock market and a falling unemployment […]

Bitcoin, The Black Swan for Cash

Bitcoin, The Black Swan for Cash

Bitcoin, The Black Swan for Cash $BTCUSD Former Fed Chairman Alan Greenspan does not seem to impressed by Bitcoin, the controversial digital currency some see as a fad and a sham. He compared Bitcoin to the currency issued by the Continental Congress after the American Revolution began. “Bitcoin is what used to be called fiat […]

Atlanta Fed Sees US GDP at 3.3% in Q-4

Atlanta Fed Sees US GDP at 3.3% in Q-4

Atlanta Fed Sees US GDP at 3.3% in Q-4 The U.S. economy is on track to grow at a 3.3% annualized pace in Q-4 based on the latest data on US NFPs and business inventories, the Atlanta Federal Reserve’s GDPNow forecast model showed Friday. The latest estimate for Q-4 GDP (gross domestic product) growth was […]

Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors

Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors

Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors $GLD, $SLV, $USD President Donald Trump’s selection for the next Chairman of the Fed’s Board of Governors will not alter policy much, and could be good news for Gold investors. Trump’s selection of current Fed Governor Jerome “Jay” Powell follows months of public speculation about the […]

Gold Under the Right Conditions to See 1900 oz+

Gold Under the Right Conditions to See 1900 oz+

Gold Under the Right Conditions to See 1900 oz+ $GLD The Federal has stated that it would begin winding down its holdings of US Treasury debt and mortgage-backed securities (MBS) in October. The process is somewhat convoluted, with the Fed planning to allow up to $6-B of Treasury debt and $4-B in MBS to mature every month. […]

Banks Desperate to Stop Cryptocurrencies Like Bitcoin

Banks Desperate to Stop Cryptocurrencies Like Bitcoin

Banks Desperate to Stop Cryptocurrencies Like Bitcoin $BTCUSD, $JPM Recently, Jamie Dimon, CEO of JP Morgan (NYSE:JPM) said publicly that Bitcoin is a fraud that is waiting to blow up. The story came a month after China’s ban on Initial Coin Offer (ICO), an unregulated way of raising financing by cryptocurrency startups. Following the statement, […]

The Trump Rally Extends Marking Another Record Close

The Trump Rally Extends Marking Another Record Close

The Trump Rally Extends Marking Another Record Close $DIA, $SPY, $QQQ, $VXX  Investors bought the Dip DJIA outperforms Super earnings reports from Caterpillar (NYSE:CAT) and 3M (NYSE:MMM) The market’s rally to record highs since last year’s US Presidential election has the feeling of being risk-free, as the S&P 500 established a record of 243 trading […]

The Trump Rally Drives DJIA to Record 23,157.60

The Trump Rally Drives DJIA to Record 23,157.60

The Trump Rally Drives DJIA to Record 23,157.60 $DIA, $SPY, $QQQ, $VXX The DJIA marked 23,002 Tuesday intra-day, but closed just below the ’round’ mark. This latest 1,000-point increase was covered in half the time it took the index to move from 21,000 to 22,000. Wednesday, the US major stock market indexes finished at: DJIA +160.16 at 23157.60, […]

The Fed Wants to Take Credit for The Trump Rally

The Fed Wants to Take Credit for The Trump Rally

 The Fed Wants to Take Credit for The Trump Rally $DIA, $SPY, $QQQ, $VXX President Donald Trump is given credit for record-high stock prices following his November election, now a new study published by the Fed suggests the central bank has played a role. Tax cuts were bad news for the stock market in the […]

Gold Vs Fed, What’s in Store for the Precious Yellow Metal

Gold Vs Fed, What’s in Store for the Precious Yellow Metal

Gold Vs Fed, What’s in Store for the Precious Yellow Metal $GLD Some analysts speculate that investors in equities might turn, and take profits now that the Fed plans to let up to $6-B of US Treasury debt and $4-T in MBS (mortgage back securities)to mature every month without reinvesting the proceeds. Those amounts will […]

The Market Update for September

The Market Update for September

The Market Update for September $DIA, $SPY, $QQQ, $GLD, $SLV The Dow Jones (NYSEArca:DIA) made 7 new BEV Zeros (new all-time highs) in the past 3 weeks; it cannot make a decent correction if it continues doing that.  And that’s one thing this market needs to do – make a decent correction.  The Dow Jones […]

Fed May Have Misjudged Low Inflation

Fed May Have Misjudged Low Inflation

Fed May Have Misjudged Low Inflation $DIA, $SPY, $QQQ, $VXX Expect President Trump to fill the Fed vacancies with pro-growth advocates. Econ 101, No inflation, No growth. Tuesday, the expected outgoing Federal Reserve Chairwoman Janet Yellen acknowledged that the central bank is puzzled by the persistence of unusually low inflation and that it might have […]

Fed Must See Higher Prices Before Another Rate Hike

Fed Must See Higher Prices Before Another Rate Hike

Fed Must See Higher Prices Before Another Rate Hike $DIA, $SPY, $QQQ, $VXX The Federal Reserve should wait until there are clear signs that American paychecks and prices are rising before raising interest rates again, a Fed bank president and FOMC voter, said Monday, warning that moving too fast would be a policy “misstep.” Chicago […]

US Household Wealth Up $1.7-T, Another Record Under President Trump

US Household Wealth Up $1.7-T, Another Record Under President Trump

US Household Wealth Up $1.7-T, Another Record Under President Trump $SPY The wealth of US  households rose to $96.2-T in Q-2 of this year, as US stock prices hit record highs and home values continued to climb, a report by the Fed showed Thursday. That compares to a downwardly revised $94.5-T tally for household net […]

FOMC Schedules Asset “Normalization” as Expected

FOMC Schedules Asset “Normalization” as Expected

FOMC Schedules Asset “Normalization” as Expected Federal Reserve officials set an October start for shrinking their $4.5-T of assets, moving to unwind a pillar of their crisis-era support for the economy. FOMC forecasts 1 more interest-rate hike later this year, saying storm damage will have a temporary impact on the economy. “Hurricanes Harvey, Irma and […]

Bitcoin, from Curiosity to Household Word

Bitcoin, from Curiosity to Household Word

Bitcoin, from Curiosity to Household Word $JPM, $BTCUSD The Bank for International Settlements (BIS) said Monday, that the world’s central banks cannot ignore the growth in cryptocurrencies and may at some point have to consider whether it makes sense for them to issue their own digital currencies, “Whether or not a central bank should provide […]

US Stock Indexes Mark New Record Highs, Financials Lead

US Stock Indexes Mark New Record Highs, Financials Lead

US Stock Indexes Mark New Record Highs, Financials Lead $DIA, $SPY, $QQQ, $VXX The major US stock market indexes are trading at record marks driven by gains in financial, technology and industrial stocks, with focus on the FOMC’s policy meet Tuesday and Wednesday, as The Trump Rally extends. Shares of the major banks, including Bank […]

This Week’s FOMC Meet May Trigger Stock Rotation

This Week’s FOMC Meet May Trigger Stock Rotation

This Week’s FOMC Meet May Trigger Stock Rotation $SPY US stock investors could rotate out of high-yielding sectors and into stocks of banks, which would benefit from the next leg up in interest rates, after the FOMC’s policy-setting meeting wraps up Wednesday. If the FOMC gives a nod to rising inflation or focuses its trimmed-down […]

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming $GLD, $SLV, $MTAFF, $IBM, $WMT To start this is gold’s step sum chart going back to November 2010.  For almost a year (November 2010 to August 2011) gold’s step sum saw an amazing ascent; rising from 220 to 275 (55 net advancing days) in a […]

Face It People, The Trump Economic Boom Is Here

Face It People, The Trump Economic Boom Is Here

Face It People, The Trump Economic Boom Is Here $DIA (DJIA) Have you noticed, that through the mist of Russia, James Comey, Charlottesville and now 2 monster hurricanes, that the US economy is booming faster than it has since the late Clinton years, well have you? This is undeniable. In the last year of The […]

US Stocks to Record Highs, Rate Hikes, NKorea, Irma Fears Fade

US Stocks to Record Highs, Rate Hikes, NKorea, Irma Fears Fade

US Stocks to Record Highs, Rate Hikes, NKorea, Irma Fears Fade $DIA, $SPY, $QQQ, $VXX The Trump Rally extends, as President Trump’s approval ratings soar. Monday, the S&P 500 rose 1%+ to a record high close, as Fed rate hike fear abated, Irma caused less damage than expected in Florida, and NKorea decided not to […]

Rebuilding After Hurricanes Will Boost US Economy

Rebuilding After Hurricanes Will Boost US Economy

Rebuilding After Hurricanes Will Boost US Economy $DIA, $SPY, $QQQ, $VXX Federal Reserve Bank of New York President William Dudley said back-to-back hurricanes in Q-3 will  lead to increased economic activity over the long run despite any tragic consequences. The storms could (will) influence the timing of the next interest-rate increase, although above-trend growth does […]

Fed Vice Chairman Fischer Resigns Citing “Personal Reasons”

Fed Vice Chairman Fischer Resigns Citing “Personal Reasons”

Fed Vice Chairman Fischer Resigns Citing “Personal Reasons” Wednesday, Stanley Fischer, 73 anni, Vice Chairman of the Federal Reserve, submitted his resignation for “personal reasons,” adding another vacancy in the Fed’s 7-member board. Mr. Fischer’s resignation as Vice Chairman and a member of the Fed board of governors will be effective on 13 October 2017, […]

US Economic Growth Picking Up, Inflation Muted

US Economic Growth Picking Up, Inflation Muted

US Economic Growth Picking Up, Inflation Muted $DIA, $SPY, $QQQ, $VXX The US economy expanded at a moderate pace in July through mid-August, but signs of an acceleration in inflation are muted, the latest survey conducted by the Fed showed Wednesday. “Prices rose modestly overall across the country,” the central bank said in its Beige […]

New Fed Chairman Coming Soon

New Fed Chairman Coming Soon

New Fed Chairman Coming Soon White House senior economic adviser Gary Cohn was “mum” about his willingness to take over as Chairman of the Fed early next year. “I’m really excited to be doing what I’m doing,” Mr. Cohn said Friday when asked about his desire for the job of being head of the US […]

US Consumer Spending Up, Inflation Down, USD Falling

US Consumer Spending Up, Inflation Down, USD Falling

US Consumer Spending Up, Inflation Down, USD Falling $DIA, $SPY, $QQQ, $VXX US consumer spending rose a bit in July and annual inflation increased at its slowest pace since late Y 2015, diminishing expectations of a Fed interest rate hike in December. Inflation remains low even as the labor market is near full employment, a […]

Gold Has Broken Through the Psych Resistance at 1300 oz, Next?

Gold Has Broken Through the Psych Resistance at 1300 oz, Next?

Gold Has Broken Through the Psych Resistance at $1300 oz, Next? $GLD Gold has broken the 1,300 0z  the Psych resistance mark that has held since October 2016. Today the metal trades at 1,324. This rise is being attributed in part to a weakened USD after the head of the ECB refrained from talking down […]

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