Yellen Speaks!

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I have been pointing out, rather frequently, that our nation’s economy (and the rest of the West – Europe and Japan) is becoming ever more entwined with the Federal Reserve’s monetary policy. The media is still fixed on this “extraordinary temporary measure” and that the Fed will soon be raising rates because the economy is Read more…

Fed Minutes Amendments

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The market continues to flirts with new highs, but unable to charge into a break-out rally. The Fed minutes were more proof the Fed will NOT be raising rates, yet many read something completely differently out of it (I am not sure how). Greece continues to be a European headache, while we get weekly jobless Read more…

BRICS vs. WEST CHESS MATCH

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The equity markets have pushed up and well into those resistance levels waiting for a break-out into new highs. The better-than-expected Labor Headline data has certainly helped boost optimism. Additionally, while there is broad concern that Fed will raise rates, they haven’t yet and for now they continue their zero interest rate policy, bond buying Read more…

Currency War Update

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The market has remained elevated and pushing up against those resistance levels. Perhaps this week we will see a break-out higher or a retracement back to the support levels. The recent Labor Report had excellent headlines, but the market didn’t get behind it as there was a dose of skepticism. Greece remains a shadow over Read more…

Jobs Friday

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It’s Jobs Friday, today is the day for the Labor Report. No doubt there is some good news and real improvements. However, we must take it in stride and be cautious in reading only into the headline numbers. The data, models, and methods used to create the headlines numbers are important. What kind of jobs Read more…

Greek Tragedy

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The Greece problems are on the rise again. As I had mentioned back in 2011 – 2012 that while the string of bailouts have bought them time, the issue is only being shoved onto the back-burner and will again be front and center news that will again disrupt the markets. The issue that I want Read more…

Monday Morning Quarterback

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January was a disappointing month of equities. Meanwhile we saw bonds rally and the 10 year yield fall to 1.7%. Oil remains under pressure, while gold and silver saw a slight bounce. Europe kicked off their $1 trillion QE program and Switzerland returned to their time honored neutral stance by exiting the euro peg. The Read more…

GDP Disappoints

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The top three government data points will continue to rule the market perception about the economy. U3 will tell us the unemployment story and will be spoon fed to us by the government and the market will ultimately believe it (regardless of the math, U6, and participation rate). The CPI will be hailed as the Read more…

FOMC Changes?

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The change to the FOMC statement yesterday, sent the markets lower to their support level. Without the press conference and only the FOMC statement, the market participants read into every word and change. It wasn’t hawkish and it wasn’t dovish, it was just different and without clarity. FOMC CHANGES Bowie’s song Changes keeps ringing in Read more…

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