Dollar Factor

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Earning season has been a little weaker on top-line revenue and growth, the GDP headline came in a little weaker than expected (but strong consumer growth), and the FOMC statement remained “data dependent” and rather dovish. The one factor that is not getting the headlines and is impacting the market is the dollar. Dollar Factor Read more…

GDP Good or Bad?

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The market had a good bounce off the lows and the “Dovish” FOMC statement certainly left many guessing if the Fed would raise rates in September. Today the GDP will not just give us an idea of the health or weakness of the economy, it will reaffirm to many market participants as to whether the Read more…

Tech Bubble?

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While we wait for the FOMC statement this afternoon, which may bring some volatility to the market as analyst try to read the tea leaves, it is the tech sector that is bringing some volatility to the market. Are we in a semi-tech bubble? Tech Bubble? I was a market maker during the dot.com boom Read more…

SEPTEMBER RATE HIKE?

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The pre-market futures are showing a bounce after the recent sell-off. No doubt the major indices are now down at precarious levels that are either signaling a “buy the dip” or “sell into the correction”. Ironically the market has reached this pivotal level at the start of the FOMC meeting. SEPTEMBER RATE HIKE? The general Read more…

China, FOMC, Dollar?

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The Chinese market took it on the chin and was down 8.5%, the most in years. That is trickling over into the European markets and we are seeing the pre-market futures in the U.S. under pressure. Last week the US markets closed lower with no late rally. This morning will certainly be a test of Read more…

July Review

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I am finally back from a much needed break with the family. My time has been divided with our new Lendacy.com business, expanding and migrating our trading operation, and of course my absence dealing with family issues. With batteries renewed – we meet the second half of the year with vigor and tenacity. July Review Read more…