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 […]

Fed Chairwoman Gets Investors Attention Again

Fed Chairwoman Gets Investors Attention Again

Fed Chairwoman Gets Investors Attention Again $DIA, $SPY, $QQQ, $VXX The focus Thursday was Fed Chairwoman Yellen’s testimony before the US Congress as the market posted another record close. Wednesday’s testimony confirmed this year’s next rate hike/s and QE policy tightening process that the market expected, but the discussions about the longer-term Neutral rate of […]

Markets Bet for a Fed Rate Hike in December

Markets Bet for a Fed Rate Hike in December

Markets Bet on a Fed Rate Hike in December The FOMC mins showed a discussion of inflation with the current low figures being dismissed as being due to technical issues rather than underlying trends. In an environment where inflation is generally low, technical distortions assume a lot more importance. A 0.4% drop in consumer price […]

Gold’s Price Rise Triggers Mining Stocks’ Rally

Gold’s Price Rise Triggers Mining Stocks’ Rally

Gold’s Price Rise Triggers Mining Stocks’ Rally $GDX, $SBLG, $GFI, $NEM, $EXCFF Just about a week ago it looked like Gold’s Y 2017 rally was running out of steam, and in danger of losing sight of the psych mark at 1,200 oz. A number of major Gold stocks which had outperformed the precious Yellow metal […]

US Stocks Finished Flat to Unchanged Wednesday

US Stocks Finished Flat to Unchanged Wednesday

US Stocks Finished Flat to Unchanged Wednesday $DIA, $SPY, $QQQ, $VXX The major US averages finished Wednesday’s session flat to unchanged, as the S&P 500 (+0.1%) and the NAS Comp (+0.2%) closed with modest gains while the DJIA (-0.2%) under-performed. Black Gold finished 0.3% higher at 52.36 bbl after seeing solid losses during the overnight […]

Gold Outlook: Do Not See Fed Interest Rate Increase in 2016

Gold Outlook: Do Not See Fed Interest Rate Increase in 2016

Gold Outlook: Do Not See Fed Interest Rate Increase in 2016 $GLD A US Fed interest-rate increase this year should not shake investors’ faith in Gold, according to Australia’s 2nd-largest producer. Bullion is trading near the lowest level in more than 3 months. Prices fell on speculative worries that central banks are ready to curb […]

Top Fed Officials Pushing for Interest Rate Hikes

Top Fed Officials Pushing for Interest Rate Hikes

Top Fed Officials Pushing for Interest Rate Hikes $DIA, $SPY, $QQQ, $VXX As central bankers converge on Jackson Hole Thursday for an annual conference on monetary policy, a couple of top US Fed officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. “The case is strengthening” for […]

Key Economic Data Does Not Reflect Pending ‘Disaster’

Key Economic Data Does Not Reflect Pending ‘Disaster’

Key Economic Data Does Not Reflect Pending ‘Disaster’ $DIA, $SPY, $QQQ, $VXX July New Home Sales and August Philadelphia Fed NonManufacturing Survey Home Sales: +12.4%/ Philly Fed: -4 points; Orders: -14.9 points The Big Q: With housing and hiring looking really good, where is the economic disaster we keep hearing about? The notion that the […]

Janet Yellen’s Remarks Anything But “Dovish”

Janet Yellen’s Remarks Anything But “Dovish”

Janet Yellen’s Remarks Anything But “Dovish” Monday, US Federal Reserve Chairwoman Janet Yellen said  that interest rate hikes are likely on the way because “positive economic forces outweigh the negative” for the United States now that risks from earlier this year have diminished. In Monday’s public comment from any US central banker before a Key […]

June Fed Interest Rate Hike In Sight

June Fed Interest Rate Hike In Sight

June Fed Interest Rate Hike In Sight $DIA, $SPY, $QQQ, $VXX The US Fed officials said it would appropriate to raise interest rates in June if economic data points to stronger Q-2 growth as well as firming inflation and employment, according to the FOMC mins from their policy meeting in April. That view suggests the […]

Wednesday’s Technical Outlook for DJIA (.DJI)

Wednesday’s Technical Outlook for DJIA (.DJI)

Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI The Wall Street rollercoaster was full on Tuesday, as all 3 US major stock market indexes reversed Monday’s gains. The DJIA fell 180 pts to close at 17,529.90, the NAS Comp fell 1.25%, to 4,715.72 and the S&P 500 shed 0.94% to finish at 2,047.21. Wall Street was […]