Yellen Rally!

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Yesterday we saw a Yellen Rally. While she was careful with her words, she did raise the probability of reducing or even halting the taper. While most of the questions didn’t focus on the taper, the entirety of her testimony did clearly show her ideology and support of MORE Keynesian intervention. Yellen Rally! Yellen’s prepared Read more…

Jobless Claims

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The market has been on hold. This morning the pre-market futures are in limbo and, as I have been pointing out, the “tone” of the Fed and how the market reads the “tea leafs” will determine how this market moves. Personally, I find it disappointing that as investors we must put so much focus on Read more…

Yellen Testifies

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The market seems content to remain range bound. What is the market waiting for? Most of the big earnings and forward guidance are out, with mixed to disappointing results. The economic data for the last two months, especially the jobs sector, have been disappointing. There are two camps, one believes the weak jobs, economic, and Read more…

Energy Costs?

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We are in a narrow range and bouncing around. Is this support or resistance? It is hard to make that call, and I hear even the analysts debating over the recently reported, weak economic data. One side believes the Fed will maintain their taper and will also raise interest rates in the next couple of months. The Read more…

Earnings and Mergers

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We saw some intraday volatility yesterday as the market continues to push and test these resistance levels. No doubt the economic data as well as earnings is also playing a role in the volatility, of course we also have some international political volatility with some terror threats as well as the outbreaks in Kiev, which Read more…

Housing

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The market was mixed yesterday. Some of the downward pressure came from a few overweight names with disappointing earnings.; however, in spite of those, the market was generally flat to positive. We have solidly bounced from the recent sell-off, but do we have enough optimism to push the market higher? I don’t see optimism coming from economic Read more…

Coke Earnings

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After a solid “Yellen bounce” off the lows, the market seems to have stalled a little as it begins to hit resistance. There remains uncertainty about how much and how soon will the Fed intervene in the market. If we are to gauge only the economic and market data, the economy (domestically) is stalling. Job Read more…

Global Cooling?

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Happy Valentine’s Day! We are holding up well and normally it would be surprising that we rallied yesterday after a very weak economic data release, but the fact is the market read it as though it will only further justify that the already ultra-dovish Fed continuing (and possibly expanding) their QE policy. Bad news is Read more…

Comcast and Time Warner Merger

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Is the Yellen rally over? Remember, these short-term daily moves in the market are not driven by any major shift in fundamentals, but rather events that shape the mood of the market. Yellen’s remarks and Q&A session with Congress clearly came across in a very dovish tone and that she would continue to lead the Read more…

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