Knee Jerking to Adjectives?

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While the Alibaba IPO story steals market headlines and is sure an interesting company, the broader market impact will come from some academics turned monetary policy makers in the hallowed halls of the Federal Reserve. Knee Jerking to Adjectives? If we look at the market action between the dollar, gold, bonds, and the headline equity Read more…

Fundamental Reality

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Volatility continues to inject itself into the market. While those that have followed the Market Preview, most likely know my long-term concern of a broad market correction, I believe that it has not arrived – yet. No doubt there is some flow into the 10-year searching out some, most likely, short-term cover from volatility. Additionally, Read more…

FOMC Control the Narrative

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Where is the market rally? A surprise 4% GDP an accommodative FED and FOMC statement – why is the market not rallying? The market did get an initial jolt higher and then proceeded to sell off for the rest of the day. For those that only pay attention to the headlines it certainly seems puzzling, Read more…

Silly Season

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Could it be a volatile week? With the FOMC meeting, first look at 2nd quarter GDP, and the monthly Labor Report we could be setting up for some volatility and also the beginning of the Silly Season of the mid-terms. On top of the three expected events, we still have a high level of geopolitical Read more…

Fall Equinox Outlook

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The market continues its fit and start jolting move higher. The main driver remains the zero interest rate environments, coupled with the enabling QE program. Searching for yield? Well the only liquid answer is equities. This week I reported that even central banks “sovereigns” are seeking better returns as their returns on interest continues to Read more…

Maypole Job Dance!

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As predicted the market rallied on the ECB rate cut and massive stimulus package. This is no surprise, if one makes holding cash or short-term debt costly, the money will flow to where returns are greater. What WAS surprising and certainly disappointing to President Draghi (ECB President) was the euro RISING. This was the exact Read more…

Fed Wildcard?

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Could the Fed FOMC meeting be a wildcard in today’s trading action, or will it be the dull expected $10 billion taper to $45 billion? The economic data this morning can also play a big factor, with both the ADP private payroll as well as the initial 1st quarter GDP release. Fed Wildcard? The expectation Read more…

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