Fed Hikes Interest Rate, Signals More To Come
GOLD PRICE FENDS OFF USUAL HIT; PREDICTED TO SOAR BY YEAR’S END The United States Federal Reserve carried through on weeks of speculation by boosting its benchmark interest rate by a quarter point to a range between 0.75 and one percent. This marks the second straight quarterly increase, and the first of three forecast by […]
Fed Day – Wednesday, March 15
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 112 = 20,950 SPX + 19 = 2385 NAS + 43 = 5900 RUT + 20 = 1382 10 Y – .08 = 2.51% OIL + 1.24 = 48.96 GOLD + 21.10 = 1220.70 Today is Fed Day. Policymakers at the Federal Open […]
Daily Trading Opportunities – Thursday, March 16
During the session on Thursday, there are a lot of announcements that could move the markets. The day should be volatile, but there three markets look particularly interesting to us. WTI Oil While rising above the hammer from the previous session on Wednesday was a good sign, it is likely that the fundamental reasons for […]
It’s Official – Emerging Stock Markets Break Out After U.S. Fed Rate Hike!
The U.S. Fed decided to hike rates with another 25 basis points. Markets were quite volatile after the announcement. Interestingly, there was a lot of fuzz on price changes in stocks, gold and currencies, but almost nobody was talking about the moves in what is becoming one of the most attractive markets: emerging stock markets. Today, […]
Fed Hike Incoming
In this article, I will discuss my prediction of what the Fed will do on Wednesday. I am writing this article before the announcement, but you may be reading it afterwards. It’s still valuable insight because it gives you an idea of where the Fed is in the monetary cycle. The three parts to discuss are […]
An Extra Day Likely Wouldn’t Have Made A Meaningful Difference
Retail sales comparisons were for February 2017 skewed by the extra day in February 2016. With the leap year February 29th a part of the base effect, the estimated growth rates (NSA) for this February are to some degree better than they appear. Seasonally-adjusted retail sales were in the latest estimates essentially flat when compared […]
Buyers Take Advantage Of Russell 2000 Discount
Bulls are looking to build swing lows with some respectable buying across markets. Best of the market action went to the Russell 2000, gaining 1.5% with a close near today’s highs. The gain was enough to return the index above the 50-day MA, but there wasn’t much technical improvement. The Nasdaq 100 played to its […]
A Good News Type Of Day
Well damned if this wasn’t a good news type of day. We’d wager the only people unhappy with how Wednesday turned out are Treasury shorts (and there are a lot of them) who got burned badly by a Fed that managed to sprinkle just enough dovish pixie dust into today’s hike to send yields plunging. Oh, […]
