The Fed Will Continue To Raises Rates, Even Amid Uneven Economic Data
Today the Federal Reserve raised the base US Fed Funds interest rate a quarter percentage point to the range between 0.75% and 1.00%. There was only one dissent from Minneapolis Fed President Neel Kashkari. And because this move was anticipated by everyone, the real question now goes to what comes next. When we think of […]
Are The Bulls Giving Up?
The stock market fell slightly on Tuesday as it prepares for the Fed to hike rates on Wednesday. In this article, I will discuss the latest changes to the macro environment, namely the decline in sentiment surveys and the increase in the producer price index which may soon reverse because of falling oil prices. Bull markets […]
ETFs Are Popular With Many Big Institutional Investors & Should Be With You – Here Are 4 Reasons Why
…You can learn a lot from watching the pros when it comes to building an investment plan and, while there’s no shortage of noise out there, it can be worth looking at what the “long-term money” is doing: the pension funds, portfolio managers, consultants and others who are collectively responsible for the financial futures of […]
15 March 2017 FOMC Meeting Statement: Federal Funds Rate Raised
Econintersect: The Federal Open Market Committee (FOMC) – the board of directors of the Federal Reserve raised the federal funds rate. There was one dissenting vote. A summary of how the members viewed the economy: …. business fixed investment appears to have firmed somewhat. Inflation has increased in recent quarters, moving close to the Committee’s 2 […]
Gold On A Knife Edge Ahead Of FOMC Decision
With just hours left until the United States Federal Open Market Committee unveils its latest monetary policy decision, gold prices are consolidating just above the key psychological level sitting at $1200 per troy ounce. In what may prove to be a pivotal moment for the precious metal, much hinges on the upcoming announcement as the […]
Fed Hikes With One Dissent: Fed Behind The Curve?
As expected, the Fed hiked interest rates 25 basis points to a range of 3/4 to 1 percent. Minneapolis Fed president Neel Kashkari dissented. Kashkari voted to hold rates steady. Here are snips from the FOMC March 15 Statement. In view of realized and expected labor market conditions and inflation, the Committee decided to raise the […]
6 Solid Reasons To Buy Financial ETFs Now
Financial sector has been on a stellar ride this year having gained 5.6% thanks to the dual tailwinds of the Fed’s rate policy and Trump presidency. Improving economic fundamentals and industry trends added to the strength though some analysts are concerned about higher valuations. Below we discuss some strong reasons for investing in financial ETFs […]
Fed Watch: Spring Forward
Much like our clocks this past weekend, the Federal Reserve (Fed) decided to “spring forward” with its monetary policy decisions. In what had become only recently a highly telegraphed move, the voting members implemented another 25 basis points (bps) increase in the target range for the Federal Funds Rate at their March policy convocation. However, prior to this action, the markets had been […]
E Best And Worst Mid Cap Stocks – Wednesday, March 15
The best mid cap sector is industrial goods. The top mid cap industry is semi ICs. The average score for mid cap stocks in our universe is 66.77 and the average score over the past four weeks is 69.09. The average mid cap stock in our coverage is trading -14.55% below its 52 week high, […]
Stocks, Bonds, & Bullion Surge As Fed Hike Sparks Dollar Dump
The lack of uber-hawkishness in the dot-plot appears to have been enough for dollar-buyers to desert the trade in the short-term. The reaction to The Fed’s 3rd hike in 11 years is buying bonds, buying stocks, and buying bullion… For now banks are losing and gold is winning…
