Got Jobs?

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The major indices broke supports and have visited some lows. Blame has been tossed around from North Korea’s supposed bomb test to Saudi Arabia’s relation with Iran. The boring reality is the flow of capital, which is controlled by interest rates, margin (leverage), and money supply. As the Fed Co-Chair mentioned, the Fed’s policy (QE Read more…

Lions of Rojava

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The news is focused on the horrific terrorist attacks in France and the expanding concerns about ISIS. Our own nation is still rather unclear and unsure what to do, we don’t have a plan. I am not sure if the President is concerned about his legacy (14 months left) or concerned about populism, but I Read more…

NO RATE HIKES

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The stars are aligning for the Fed. They will NOT HIKE RATES in 2015. NO RATE HIKES The Fed has clearly said they are “data dependent”, so if we look at the data it is telling us they are NOT going to raise rates. Remember they have a “Dual Mandate” which is maintaining a strong Read more…

QE4 coming?

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Is QE4 coming? Of course that was just a headline to catch your attention. The Labor Report certainly was a bust and came in far lower than my expectations. However, it has certainly justified and offered an excuse for our “Data Dependent” Fed NOT to raise rates. Of course if you have been following the Read more…

Labor Report Impact

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The ADP was slightly better than expected, but also on a weaker trend than 2014. This morning the weekly jobless claims came in higher, at 277,000 vs. 270,000 expectations, but it was below the 300,000 level. That data is not great, but it is also not bad either. The question is whether or not the Read more…

ADP setting expectations

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The market seems to have found a support area. Yesterday we hung around the supports, waiting for the next shoe to drop – either to rally or to see a continued sell off. It’s a waiting game for next FOMC meeting in October and as we wait – the market is coiled to move and Read more…

Shoe Shine Boy?

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The market fell again and we are now in precarious levels. We are roughly back to the previous lows in which we bounced from, only to revisit them a few short weeks later. The pattern we are experiencing is frequently referred to as a “Dead Cat Bounce”, in which we sold off then bounced, only Read more…

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