President Trump is Not Demanding a Monetary Policy Change at the Fed Wednesday, White House economic advisor Larry Kudlow said that US President Trump was not demanding a policy change at the Fed. President Trump heaped more criticism on the Fed Tuesday, calling rising US interest rates his “biggest threat.” The Trump Administration official said […]
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 […]
Central Banks Turn “Hawkish”, JPY Carry Trade Emerges $GBP, $USD, $EUR, $JPY, $CAD Cable, Loonie and EUR all rose last week on Hawkish comments from central bankers. The BOE Governor Mark Carney said it is not the time of rate hike yet. Then indicated the BOE MPC will start debating raising interest rate in the […]
Sell in May, Go Away a Bad Play This Year $DIA, $SPY, $QQQ, $VXX The data shows that the S&P 500 has delivered a total return, including reinvested dividends, of 10.8% over the last 6 months, essentially capturing all of the average rolling 12-month total return on the index since Y 1990. The Big Q: […]
Aggressive Fed Could Upset Markets, Gold is the Hedge $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV The mins from this month’s FOMC meeting outline an aggressive agenda that may upset financial markets in the months ahead. Fed officials said the plan is cautious, and stocks rallied on the news. The Big Q: How safe should participants […]
Hawkish FOMC Member said, “March Rate Hike Possible” $DIA, $SPY, $QQQ, $VXX A FOMC member Thursday added his hawkish tone to a growing group of Fed officials who are indicating that they could raise rates in March. FOMC member Jerome Powell said in a TV interview that he believed the Fed was close to achieving […]
Divided FOMC Stood Pat on Rates, Tone “Hawkish” $DIA, $SPY, $QQQ, $VXX A divided Federal Open Market Committee (FOMC) left the fed funds rate unchanged for a 6th meeting running, saying it would wait for “more evidence of progress toward its goals”, while projecting that an increase is likely by year-end. “Near-term risks to the […]
Expecting US Fed to Include “Hawkish” No-hike Language in Policy Statement $DIA, $SPY, $QQQ, $VXX The US Fed will not raise interest rates when it meets this week, but the FOMC will include “Hawkish” no-hike language in policy statement, said Jeffrey Gundlach, CEO of DoubleLine Capital. Mr. Gundlach said Fed officials “want to be able […]
Monday’s Bounce Must Hold for US Market to Continue North $DIA, $SPY, $QQQ, $VXX Last week ended on a low note as the major US stock market indexes all declined more than 2.0% and 3.1% in the case of the Russell 2000 in a selloff. The CBOE Volatility (VIX) Index, meanwhile, spiked 40% in a […]
Gold Strong on US Fed Uncertainty and BOJ’s Stimulation $GLD, $SLV After Wednesday’s FOMC statement Gold fell on mildly Hawkish notes of the statement. Then, as the markets digested the Fed’s characteristically non-committal comments that gave no indication as to the potential timing of a future rate hike, the precious Yellow metal surged on the […]
The FOMC Meets This Week, Markets Cautions $DIA, $SPY, $QQQ, $VXX Expect the FOMC to refrain from any action on interest rate policy, it may signal the possibility of a rate hike sometime this year (hawkish), perhaps in September or December. Fed officials’ openness to raising interest rates later this year will reflect their comfort […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI US stocks closed in the Red last Friday, with the DJIA down by 0.33% or 58 pts, to end the day at 17,675.16, the worst week for the index in over a month. The S&P shed 6 pts, to finish at 2,071.22, and the NAS Comp fell […]
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 […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI Wall Street bounced Friday, with the DJIA adding 65 points or 0.38% to end at 17,500.94, down for a 4th week running. The benchmark index got hit by FOMC’s Hawkish Mins, but as most worldwide indexes, shrugged concerns over upcoming events and rose on the back of […]