US equity markets in a Catch-22
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 […]
FOMC
US equity markets post largest weekly gain of 2018, poised to move higher
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 […]
The Bears have Thanksgiving, while the Bulls have Christmas
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 […]
Fear Gauge Slips
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, […]
Is There a Second Shutdown on the Horizon?
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 […]
New York Fed Raises Q4 GDP Expectations
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 […]
Apple is affordable
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 […]
After the Solar Eclipse: Jackson Hole
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 […]
Did Economic Activity Accelerate in Q2?
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 […]
Bloomberg Radio: P&L With Pimm Fox and Lisa Abramowicz
Pimm Fox and Lisa Abramowicz focus on market coverage as Wall Street begins its day, with analysis from Bloomberg Gadfly writers, Bloomberg Intelligence analysts, and influential newsmakers. On today’s show […]