Crimea a River

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The concern heading into the weekend was the Crimea Referendum. Putin and Russia were warned that there would be consequences if the referendum passed. Meanwhile, back in the US, the market awaits the Fed meeting and Yellen’s statements to see if there will be any change to the current monetary policy. Expect some volatility (up Read more…

A Lesson from Grandpa

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The market fell apart yesterday, but, lest we forget, things can certainly change on a dime. There was no single news story that drove panic into the market. Some of the media blamed data that came out of China, others blamed the Ukrainian situation, and others blamed Marc Faber who called for a correction. I Read more…

Green Shoots?

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The market was under pressure yesterday and we saw several indexes very close to those support levels, but late in the session the market started to bounce again. There has been nothing more on the Ukrainian front to bring additional concern. Obama met with the newly installed Ukraine PM for a photo opportunity and a Read more…

Don’t Poke the Bear!

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It looks like the rally has lost some steam. We should never expect anything to go straight up, so look for a slight contraction in the equity markets in the coming days. There is some support, so will this be a good time to buy? We have the FOMC meeting coming up (March 18-19) and Read more…

February Labor Report

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This morning is Job’s Friday and we will get that ever confusing Labor Report. Good news is good news and bad news is good news. However, we don’t want great news and we don’t want horrible news. How will it impact the market? Regardless, I think we are poised to rally. February Labor Report All Read more…

Jobless Claims and Productivity

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As the pot continues boil in the Ukraine (Obama freezing Russian assets in the Ukraine and supporting those that threw over the elected government, while Crimea is voting to separate from the Ukraine and join Russia) we are focused on jobs and how the Fed will respond. Yellen has laid the framework to slow or Read more…

Looming Labor Report

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Two days of big volatility. The US media reported Russian military moving into the Ukraine. To some extent the media reports were not entirely accurate and only fueled hysteria. The fact is that the Russian military already have military bases in Crimea, just mustered those troops and moved more troops into those bases. While Crimea Read more…

Cold War 2.0

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Could the Yellen QE rally end so soon? Her testimony injected a high probability that she would slow or even halt the taper as soon as the next FOMC meeting, this March. That gave the market a good boost higher; however, we must come to terms that the market rally is NOT because of an Read more…

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