Submitted by Michael Shedlock via MishTalk.com, Axel Weber, former head of Germany’s central bank says the ECB is going to halt QE soon and hike rates by September. Weber warns Markets Unprepared for Central Bank Shifts. Investors are dangerously unprepared for a sharp rise in eurozone bond yields when US interest rates march higher and European quantitative easing ends, Axel …
One Man’s Opinion: Welcome To Fantasy Land
By Peter Schiff via Euro Pacific Capital For years I have argued that ultra-low interest rates act more as an economic sedative than a stimulant. This idea has elicited laughter from the economic establishment. But it is becoming clearer that rates set by central banks that are far below the levels that free markets would have otherwise determined have dragged …
Seven Years Since The Last Bear Market Low
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Spanning headlines today were 7-year anniversary nods to the bull market. Stocks gained slightly as the bear market rebound that has been in place since February 11 is trying to continue with investors latching on to recent data hoping that the the U.S. is not headed for an imminent recession. In M&A …
Stocks End Mixed Amidst Renewed Oil Drop
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed mixed in volatile trading as oil prices broke a four-day rally and plunged almost 9%. In addition, investors pulled back amid concerns over a mixed batch of economic and earnings reports and news that the European Central Bank lifted a waiver on using Greek debt as collateral. Crude oil’s four-day, …
Stocks Move Into The Red On ECB’s Decision To Hold Off On Stimulus
[Chart courtesy of MarketWatch.com] 1. Moving the Markets If you read the article yesterday, then you may remember me mentioning that investors would be paying close attention to the ECB’s move on buying bonds to stimulate the Eurozone. Well, today we heard that the European Central Bank decided not to implement a U.S. style stimulus and markets took a small …
Another Rumor Powers The Markets; Domestic TTI Back In Bullish Territory
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets continued to rally Tuesday after a big Q3 earnings report from Apple (AAPL) after the closing bell yesterday. The S&P 500 gained 1.94%, the Dow rose 1.31% and the Nasdaq led the pack rising 2.38%. Earnings reports from five Dow companies came in mixed this morning before the opening bell. …