Economic Data – Consumer Spending?

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As we head into a 3-day holiday weekend which recognizes the economic and social contribution of workers, aka Labor day, we are ironically enjoying the largest fast-food strike in U.S. history, a possibility of tapering asset purchases, economic data that is lack luster, and a growing divide between labor and business. No doubt the U.S. Read more…

Economic Data – GDP revisions

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We are heading into a holiday weekend and next week that is loaded with economic data, a possible combat strike in Syria, an iPhone launch, a debt ceiling battle, and possible taper. If there was ever a volatile month in 2013, it looks like September could foot the bill. The market, which has slipped around Read more…

Crisis in Syria

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The markets are under pressure as we face a new crisis in the Middle East, Syria. The last thing our nation needs (or, for that matter, our economy) is another distraction which will only bring more volatility. While the economy is the real long term problem, coupled with national debt and deficit spending, the current Read more…

Political Turmoil

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We lost some ground yesterday in the market and there is broad concern growing about the quality of the recovery and the Federal Reserve’s effort. The Durable Goods data yesterday wasn’t just bad, it was horrible. Now there is growing concern with the debt ceiling as the new Treasury Secretary is requesting that we raise Read more…

Economic Data – Durable Goods

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The market has seen a slight move higher off the recent lows. As September approaches and we get pelted with the odd economic data point, it seems the economy (even with the current monetary policy) is starting to stall. The probability of the Fed tapering in September is starting to diminish. I never really thought Read more…

Hawks and Doves

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While we wait for the next Fed shoe to drop and continue to mull over the minutes, we are now subject to technology problems on the NASDAQ which shut down that exchange for half the day. On one hand, I am sure it doesn’t instill confidence in the markets, but on the other hand we Read more…

FOMC Minutes

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Yesterday the market remained quiet as we awaited the FOMC minutes and investors, economists, and talking heads prepared to read the tea leafs as to whether the minutes would offer any account as to when, if, and how much the Fed would taper. Of course the market reacted to the release; first down 100 points, Read more…

Currency Risk?

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The closer we get to September and the possibility of Fed tapering and a new Fed Chairman, the higher the anxiety levels get. The Fed’s monetary policy (primarily cutting interest rates) helped fuel investments into the emerging markets, from businesses to real-estate. It was as if we off-shored our leveraged real-estate bubble,  similar to off-shoring Read more…

Market Turmoil?

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The Dow Jones closed right at that 15,000 level and many are eyeing it carefully to see whether it holds. As the Fed’s taper shadow continues to loom, spurring a sell-off in the equity and bond markets, the economic data is saying, “Hold on a second!”. This morning the Labor Department reported the unemployment rates Read more…

Volatility

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The yield in the 10-year bond is creeping up to 3% as bonds continue to sell off. It would seem, based on bond prices, that the taper is getting priced into the bond market. Perhaps investors believe that the inflation bubble is mounting and would rather just find safer store value. Maybe they have come Read more…

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