Breakout Rally?

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The Fed and geopolitical situations continue to be the daily volatility driver into the market. Yellen’s gaff in the Q&A session sent the market down sharply and yesterday the President stated that a military option is off the table with Ukraine, sending the market up sharply. All this shows how jittery and reliant the markets Read more…

Economic Data – Jobless Claims Glitch

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Putin wrote an op-ed for the New York Times and the first tweet I saw on it was, “Putin is doing donuts in Obama’s front yard!” While I’m certainly not a fan of Putin, he did make some valid points. The Syria situation is not only making a mockery of the U.S., but is it Read more…

Uncertainty

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September is a month of continuing uncertainty. Between President Obama’s waffling speech and Apple’s dud of a party, yesterday closed out pretty unimpressive. Washington’s modus operandi of uncertainty seems to still be going strong. Meanwhile, Steve Jobs is rolling over in his grave. The market had made a good and strong rally up to those previous Read more…

Apple’s Release Party!

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The market broke-out of its resistance area and has fueled a follow through rally. Much of the optimism is driven by the President’s waffling on the Syria issue. The more the Syria crisis is stalled, the more it seems less likely a military strike will occur, and the more likely that oil prices will decline. Read more…

Syria & Taper?

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The Syrian situation seems to be backing off, as the U.S. is unable to garner support from enough allies and it looks like Congress (both Democrats and Republicans) will not get behind a military strike. Even Secretary of State Kerry’s rhetoric is cooling off the situation by stating that Syria could avoid a military strike Read more…

September Volatility

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September volatility is here. There are so many unknowns right now that the only known is volatility. Syria is now on hold as we wait for Congress to get back from vacation (that’s right – Syria wasn’t important enough for them to come back from vacation). The President is waiting to get Congressional approval on Read more…

Economic Data – Consumer Spending?

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As we head into a 3-day holiday weekend which recognizes the economic and social contribution of workers, aka Labor day, we are ironically enjoying the largest fast-food strike in U.S. history, a possibility of tapering asset purchases, economic data that is lack luster, and a growing divide between labor and business. No doubt the U.S. Read more…

Crisis in Syria

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The markets are under pressure as we face a new crisis in the Middle East, Syria. The last thing our nation needs (or, for that matter, our economy) is another distraction which will only bring more volatility. While the economy is the real long term problem, coupled with national debt and deficit spending, the current Read more…

Political Turmoil

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We lost some ground yesterday in the market and there is broad concern growing about the quality of the recovery and the Federal Reserve’s effort. The Durable Goods data yesterday wasn’t just bad, it was horrible. Now there is growing concern with the debt ceiling as the new Treasury Secretary is requesting that we raise Read more…