March 9, 2018 @ 7:03 pm | Breaking News, You May Have Missed |
It’s only March but I’m rethinking my take on 2018. When the calendar pages turned over into 2018, my take on the year was that for stocks the first half would be much like 2017: Despite rising interest rates from the Federal Reserve, there was enough...
February 26, 2018 @ 7:43 pm | Breaking News |
Ahead of congressional testimony tomorrow by new Federal Reserve Chairman Jerome Powell, Wall Street is buzzing with speculation that the Powell Fed will be willing let inflation run higher than its current target of 2%. Maybe as high as 2.5%. Some of this is clearly...
February 26, 2018 @ 7:35 pm | Breaking News |
On Thursday February 22, Goldman Sachs wrote in a note to clients that the economic macro data as likely to be “as good as it gets.” This isn’t, in my opinion, a call for an immediate plunge in the markets. But with U.S. stocks trading near all time...
December 13, 2017 @ 7:03 pm | Breaking News, You May Have Missed |
No surprise: The Federal Reserve raised its short-term benchmark Fed Funds rate by 25 basis points to a range of 1.25% to 1.50% at today’s meeting of the Open Market Committee. No surprise: The Fed and its outgoing chair Janet Yellen didn’t say anything...
January 24, 2017 @ 6:45 pm | Breaking News |
DR Horton (DHI) led home building stocks higher, rising 5.43% as of 1 p.m. New York time, after showing a 31% jump in net income in earnings reported this morning before the market opened. The company also guided Wall Street to expect a strong selling season this...
August 29, 2016 @ 7:49 pm | Breaking News, Leading Indicators, Update |
Last week Federal Reserve chair Janet Yellen tried to convince financial markets in her speech at the Fed’s annual Jackson Hole get-together that an interest rate increase at the central bank’s September 21 meeting was still a possibility. But just as the...
December 21, 2010 @ 2:21 pm | Leading Indicators |
No holiday from economic data this week. Wednesday brings what’s called the final revision of third quarter U.S. GDP growth estimates. (We’ll get the final, final figure in 2011.) The previous estimated came in at 2.5% growth, itself an increase from the first...