The growth environment is getting better, and it may surprise in terms of its strength. As that happens, the Fed is going to get a little bit more concerned about their policy, said David Joy, Chief Market Strategist at Ameriprise Financial. The market is going to anticipate that inflation is going to rise a little bit. Clearly the Fed is …
Negative Releases Boost Index ETFs…Again!
[Chart courtesy of MarketWatch.com] U.S. stocks rallied for a second day on Wednesday, recouping some recent losses as slower-than-forecast economic growth fueled speculation the Federal Reserve will maintain stimulus. The Dow Jones Industrial Average rose 150 points (1.0%) to 14,910, the Standard & Poor’s 500 Index added 15 points (1.0%) to 1,603, while the Nasdaq Composite gained 28 points (0.8%) …
One Man’s Opinion: Can The US Economy Really Grow By Almost 3% In 2013?
The recent plunge in gold prices indicate commodities are in the overbought region, and some kind of price pullback is likely to take place in near term, though there is some nervousness in the markets due to money-printing by global central banks, says Joe Quinlan, Chief Market Strategist at US Trust – Bank of America. When questioned why he’s bullish …
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