Fed Obfuscation

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The market seems stuck at these levels, poised to make a move. The debate that swirls around is whether or not the Fed will hike rates. I find it a mute debate, as most of it is based on rhetoric and what they “should” do; there is little talk about the actual numbers, facts, and Read more…

Fed Decision ?

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The market looks to be holding at these support levels, but with some precarious topics on the near-term horizon it’s unknown whether we will bounce or continue to fall. Earnings, Fed policy, emerging markets and European debt, US debt, and economic stagnation are all here and we just can’t ignore them. There are some great Read more…

2013 Review

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The New Year is just a short week away and I am putting together my predictions for 2014. There is a lot to cover, so I expect it will be a two-part report next week – the last two days of the year. So, before we get to predictions, let’s review 2013. 2013 Review This Read more…

The Taper Wars!

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It was hard to be decisive on whether or not the Fed would taper. I was certainly on the fence and gave it a low probability, while the market gave it a 50/50 chance. No doubt there was some small room to taper (they tapered the bond purchases by $5 billion) and much of that Read more…

Inflation?

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The clock is ticking and we had a good rally yesterday, but we will stay range bound until we get a decision from the Federal Reserve. Their meeting starts today and while Bernanke is still in charge, many will be looking to Yellen’s position as she is expected to take the reins in January. Bernanke’s Read more…

3 days till taper?

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The Fed starts their last meeting of the year tomorrow and by Wednesday we should know if the Federal Reserve will taper (reduce their money printing, bond and mortgage buying, which is famously known as Quantitative Easing (aka QE)). Last week the odds were 34% that they would taper and are on the rise this Read more…

Conundrum

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We were not able to hold at support levels and did break down lower, but it was not in a panic fashion, rather it was a controlled sell off and a slow liquidation. It wasn’t driven by fear or an event, but rather seemed like investors wanted to take some risk off the table, lock Read more…

Market Obstacles?

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The great unemployment rate and better than expected jobs numbers are yesterday’s news. In this market of short-yardage gains, as it faces defensive obstacles weekly, it is amazing how strong the offense is. Now we focus our attention on the December Federal Reserve meeting. It is the last of the year and the Taper talk Read more…

Overvalued?

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An amazing rally on Friday sent the market back up to those resistance levels. Far better than expected unemployment rate and jobs numbers sent the market higher, but didn’t bring forth too much taper talk. There were some concerns related to the numbers, beyond the headlines, but for the most part it was fairly good Read more…

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