[Chart courtesy of MarketWatch.com] Moving the Markets After a good start in the New Year, softness set in with the major indexes meandering aimlessly although the Nasdaq managed to eke out a small gain. Weighing on the broad market were sharp drops in Kohl’s and Macy’s after yesterday’s announcement that the holiday season was not only poor, but that also …
Fed Confirms Inflation Concerns
[Chart courtesy of MarketWatch.com] Moving the Markets The Fed minutes of their December meeting were the most anticipated event of the day. They revealed concerns that accelerating economic growth under Trump’s stimulus plan might require faster interest rate hikes to get a handle on the accompanying inflation. This is about as hawkish of a statement the Fed has released in …
Early Market Euphoria Fades
[Chart courtesy of MarketWatch.com] Moving the Markets The markets started the New Year with a bang as the Dow attempted another run at 20k but fell short in the end as a mid-day sell-off pulled the rug out from the early rally. Late day buying put the major indexes deeper into the green for day, but it was not enough …
One Man’s Opinion: “Year In Reviews” Are Boring … Let’s Review the Last 5,000 Years
By George Washington We’ve known for 5,000 years that mass spying on one’s own people is usually aimed at grabbing power and crushing dissent, not protecting us from bad guys. We’ve known for 4,000 years that debts need to be periodically written down, or the entire economy will collapse. And see this. We’ve known for 2,500 years that prolonged war bankrupts an economy. We’ve known for 2,000 years that wars …