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Fed Minutes Suggest Gradual Rate Hikes Coming: Little Market Reaction

Fed Minutes Suggest Gradual Rate Hikes Coming: Little Market Reaction

As expected, the Fed signaled gradual rate hikes are coming. The Fed released the Minutes of the September 26, 2018, FOMC Meeting today. Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have […]
September 2018 Sea Container Movements Improve But Rolling Averages Slow

September 2018 Sea Container Movements Improve But Rolling Averages Slow

The September year-over-year export and import container counts were stronger than last month – with series high import container counts for the month of September. Analyst Opinion of Container Movements Simply looking at this month versus last month – export rate of growth improved whilst exports also improved. The three month rolling averages, however, are […]
Stocks Sink On Hawkish Minutes, Dollar Gains

Stocks Sink On Hawkish Minutes, Dollar Gains

In an odd reversal from normal, it is the US equity market that is reacting and bond and FX markets that are ignoring the extreme hawkishness of the Fed Minutes… Stocks are down across all indices.. The dollar is up modestly extending earlier gains…   and bonds are going nowhere…  
US Fixed Income Calendar – The Week Ahead

US Fixed Income Calendar – The Week Ahead

By Steven Levine Interactive Brokers senior market analyst Steven Levine provides some highlights for what to look for in the week beginning October 22. 
Weekly Heating Oil Prices – Wednesday, Oct. 17

Weekly Heating Oil Prices – Wednesday, Oct. 17

We’ve used data from the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.36, up a penny from last week and up 7 […]
85% Of Fund Managers Say Global Economy Is Late Cycle

85% Of Fund Managers Say Global Economy Is Late Cycle

‘Smart’ money is capital run by professionals in the investment community and ‘dumb’ money is referred to capital invested by people who have a day job that’s not in finance. It’s not the nicest way of putting it, but the moniker makes sense. If you review consumer sentiment surveys, consumers are the most bullish near […]
As Coastal Housing Markets Cool, 2017 IPO Redfin Is Worthy Of A Watchful Eye

As Coastal Housing Markets Cool, 2017 IPO Redfin Is Worthy Of A Watchful Eye

For all of the business model evolutions and technology-led disruptions throughout the service economy in recent memory, the 6% realtor sales commission (a truly obscene amount for higher priced homes) for the most part has been unscathed. Tech upstarts like Redfin (RDFN) are trying to make a dent and are making progress, albeit slowly. Public for less […]
Shopify Drops Almost 8% Following Report Trump Ending China Shipping Treaty

Shopify Drops Almost 8% Following Report Trump Ending China Shipping Treaty

Shares of e-commerce platform Shopify (SHOP) are down in midday trading after a New York Times report that the Trump administration plans to withdraw from the Universal Post Office Treaty. NEW YORK TIMES REPORT: The paper reported this morning that President Trump plans to withdraw from The Universal Postal Union treaty, a postal treaty from […]
Your Father’s Enterprise SaaS Company

Your Father’s Enterprise SaaS Company

SolarWinds (NYSE: SWI $17-19) will be returning to the public markets this week after being taken private by private equity firms Silver Lake and Thoma Bravo in February of 2016 in a $4.5B deal. In the middle of the range, the company would have a market capitalization of $5.4B. Post-IPO these PE companies will still own […]
Fidelity Builds A Safe Highway For Institutional Investors

Fidelity Builds A Safe Highway For Institutional Investors

Perhaps you think this changes everything. Or perhaps you think this changes nothing. Either way, regarding Fidelity’s recent announcement, you’d be right. Fidelity is spinning off a 100-person-strong company. Its mission? To provide cryptocurrency trading services for the big boys – funds, endowments, family offices, and sophisticated investors. But don’t tell the market it’s big […]