Friday’s Unemployment Report No surprises either way.  Very little impact on the market’s narrow belief in a December hike.  Doesn’t give either candidate an advantage going into the final month. Thoughts on the Market The U.S. stock market has mostly…

1) Investors have seen new highs from all of the major indices in August, but through last Friday the S&P 500 stands less than 0.5% above its July 31st close.[1]  The real action has been overseas.  Emerging markets are up…

Markets and the Dollar Stocks rallied in recent weeks, until the looming “Brexit” vote in England stopped the upward momentum in its tracks.  Markets participants had assumed the British would vote to remain in the EU, so they had simply…

Summary It was a tale of two half quarters. The first six weeks saw equities sell off on fears that the Federal Reserve would continue hiking interest rates in 2016 and the result would be a global recession led by…

Notes on The Fed The Federal Reserve decided on March 16th not to raise interest rates.  This came as little surprise, as that is exactly what Federal Funds futures had predicted.  The surprise was the statement from the Fed that…