[Chart courtesy of MarketWatch.com] Investors were anxiously waiting to see when the Fed would start to slow its $85 billion monthly asset purchases, with most predicting September as the beginning of the end of the aggressive quantitative easing program, known as QE4. However, the Fed’s report offered no additional insight into the timing, keeping the taper anxiety of late intact. …
Stocks Finally See Green Ahead Of Fed Minutes
[Chart courtesy of MarketWatch.com] While the broader market and the Nasdaq finished with gains to snap a four-day losing streak, blue chips spent most of the day in positive territory, but took a nosedive in the last half-hour of trading to end lower. Retailers’ results surpassed estimates and investors awaited signals on stimulus measures from the Federal Reserve. Dow member …
One Man’s Opinion: Will The Fed Taper Asset Purchases In December?
We have to look at the minutes and the question-answer portion of his presentation that he gave a couple of hours later in Boston as part of the NBER summer institute separately, says Brian Jacobsen, Chief Portfolio Strategist at Wells Fargo Fund Management. When it comes to the minutes, there are two important things to look into. First, they were …
Volatile Session Thanks To Fed’s Minutes
[Chart courtesy of MarketWatch.com] U.S. equity indexes ended this volatile session on a mixed note, after the release of the minutes from the Federal Reserve’s June policy meeting created uncertainty over when and if the central bank will start to trim the stimulus. Attention shifted to focus on the speech by Chairman Ben Bernanke to begin after the closing bell. …
Major Index ETFs Hit Four In A Row Ahead Of Fed’s Minutes
[Chart courtesy of MarketWatch.com] U.S. equities moved higher for a fourth-consecutive day on Tuesday amid optimism companies will report better-than-forecast earnings for the second quarter after Dow member Alcoa bested the Street’s earnings forecasts. Investors are betting that companies will be able to surpass the low bar set for earnings season, leaving room for better-than-expected results that could drive the …