The U.S. stock market has rallied nicely off its Christmas Eve low, but it is running into some resistance at the 2600 mark on the S&P 500. 2600-2700 represents breakeven for a lot of investor who came late to the…
Stocks Economic growth appears to have peaked in early autumn. Unemployment is now starting to rise, judging by weekly claims. On the positive side, inflation is slowing as well and corporate profits are expected to remain robust in 2019. Markets…
Summary The U.S. stock market posted another strong quarter, rising 7.20%.[i] Once again, however, U.S. stocks were pretty much the “only game in town”. International markets were about flat on balance, with developed markets up 1.51% and emerging markets down…
The Fed and Interest Rates Interest rates are probably going up by 25 basis points later today. The market and I believe it’s a done deal. The interesting part will be the Fed comments regarding future policy action. Any sign…
Economy Famous hedge fund investor Stanley Druckenmiller is known for his assertion that it is liquidity that moves markets, not earnings. If that is the case, the current debacle in Turkey should be watched carefully. Turkish President Erdogan’s efforts to…