Fed Policy NOT working

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The FED did NOT raise rates the market should have rallied. What happened, why are we declining? Is the message from the Fed that the economy, whether globally or locally, really that bad? What about all the great economic data; U3 unemployment at 5.1%, GDP growing above 2% and looking better, inflation in check? I Read more…

Sustainability

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The market roller coaster ride continues and will continue until we get to that FOMC meeting. The market, investors, the world needs certainty as to what the Fed will do and also set a tone of expectations going forward – rather than this we will see attitude that is “Data Dependent” which keeps us guessing Read more…

Oil Story

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Perhaps this week the market can take a rest from the volatility that circles our world. What is interesting is the market (fueled by our media) acts surprised by these volatile events, when in reality they are all fairly well known and we should have a level of probable expectations. This is what concerns me Read more…

China’s Yuan

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The market hit some of those intraday support lows, but what was important was how we closed. We saw volume pick up and a strong rally to get above those key levels and that is a hopeful sign that we could see continued support in here. It is not over yet and I suspect we Read more…

Currency War Heats Up

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The recent rally had its knees cut out by China’s surprise currency devaluation. The markets gave up all their gains from the previous strong rally and this morning the selling pressure has resumed. Currency War Heats Up The reports coming out of China are confusing to say the least. China’s yuan is pegged to the Read more…

Currency Wars

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The market saw a healthy bounce off the support levels, but will we see a continuation of the rally from these levels? That will sadly depend on the market’s perception of what the Fed will do with rates this September. Currency Wars If you have been following the Market Preview I have been writing about Read more…

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…

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…

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