Fed Chair Jerome Powell scheduled to talk this Wednesday, Thursday, and Friday. Q1 Earnings season picks up steam this week with select financials reporting Q1 results Friday. US equity markets […]
The final FOMC meeting of 2018 takes place this week with investors looking for visibility into what monetary policy will look like in coming quarters. Perversely, equity markets are in […]
My stubborn insistence, outlined in this note over the past month, that U.S. equity markets would ultimately stabilize and snap back from the most recent downtrend in the near term […]
Last week’s Thanksgiving Holiday shortened trading week was nothing short of a disaster for bulls across several asset classes including equities, and energy markets. US equity markets have continued to […]
As indicated by the charts below, all three major US equity indices managed to trade higher in the early going last week – following the previous week’s panic-induced sell-off. However, […]
Shutdown 2.0 Though US legislators did agree to reopen the Federal government after a three-day shutdown last week, nothing of any long-term legislative consequence was accomplished. In fact, the sticking […]
As expected last week’s equity market trading was largely focused on the tax bill winding its way through reconciliation. With each barrier to passage eliminated through negotiation, equity markets gained […]
Last week’s economic data did little to act as a headwind for the rally in US equities––a rally that seems to defy gravity. Small Business Optimism (NFIB) logged a monthly […]
Updated: The annual Kansas City Fed Economic Symposium in Jackson Hole provided little in the way of the unexpected. The narrative provided by those speaking at the symposium did not focus […]
This week’s economic calendar will provide investors with two very important data points: the FOMC Meeting/Announcement on Tuesday and Wednesday, respectively, and the initial Q2 GDP reading on Friday. With […]