[Chart courtesy of MarketWatch.com] Moving the Markets And the beat goes on. The major indexes shot up right after the opening bell, retreated during mid-day and rallied into the close but with only the Dow managing to squeeze out another record; its 47th for 2017. A big assist came from Walmart (WMT), which gained +4.43% on the day and produced …
One Man’s Opinion: FOMC Admits The Stock Market Is A Bubble, Along With Many Other Asset Classes
By ZeroHedge The much anticipated March FOMC minutes were released today (last Wed), and the minutes concluded exactly what I predicted in my last post titled “Is the Fed Trying to stop a “Market” that has gotten ahead of itself”. In it I said that the only reason they were raising rates unexpectedly is because they are trying to slow …
One Man’s Opinion: Do Fixed-Income Valuations Look Stretched?
The US Federal Reserve is likely to remain patient and investors shouldn’t worry much as the US central bank will be very methodical and transparent about what they do, said Brain Jacobsen, chief portfolio strategist at Wells Fargo Advantage Funds. The latest FOMC minutes showed the Fed’s tone was a little more dovish than the markets were anticipating. The equity …
Sloppy And Choppy
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Market behavior can only be described as sloppy today after the minutes from the FOMC meeting showed, what only few analysts had assumed, that the effects of the Fed’s asset purchases have a diminishing effect over time. The general consensus had been that the recent tapering effort was supported by an improving …
Major Index ETFs Drown In Fiscal Uncertainty
[Chart courtesy of MarketWatch.com] U.S. equities extended yesterday’s solid losses as a gauge of Wall Street anxiety hit its highest level in more than three months with equity markets showing growing concern over no indication of progress from lawmakers on budget and debt ceiling negotiations. A disappointing debt auction of one-month Treasury bills, which saw the rate almost triple the …
Did The Fed Just Kick-Off The Pullback?
[Chart courtesy of MarketWatch.com] US equity markets staged a harsh downside reversal Wednesday and closed the trading day lower in the wake of the remarks from Fed Chairman Ben Bernanke and minutes from the recent policymakers meeting that sparked fears of less easing in the near future. The Dow Jones Industrial Average lost 80 points (0.5%) to 15,307, the S&P …
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