REUTERS/Neil HallHistorical re-enactors in a living history camp prepare their costumes as they take part in an anniversary event for the Battle of Bosworth near Market Bosworth in central Britain.The global financial markets are getting walloped.The Dow ended Friday at 16,450, down a whopping 1,018 points for the week. The blue-chip index booked its first back-to-back, down-300-plus-point days since November 2008. It’s […]
Lucia Mutikani of Reuters reports, Improving U.S. jobs market bolsters case for Fed rate hike:
U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could open the door wider to a Federal Reserve interest rate hike in September.Nonfarm payrolls increased 215,000 last month as […]
Just over a year ago, Janet Yellen did the unthinkable. In a moment of clarity, The Fed called out two darlings of the momentum-chasing euphoria-driven stock buying frenzy for ‘special’ treatment when Yellen uttered the Cramer-mind-blowing fact that “small cap social media and biotech stock valuations were substantially stretched.” It appears, judging by today’s market, that she was half right…The […]
This is the response that Yellen gives a senator when asked if the Fed is too worried about the stock market.
“I would push back against the notion that we are unduly affected by the ups and downs of the stock market, we are certainly very focused on the fundamentals and economic statistics that describe where the economy is in terms […]
This hollow illusion propagated solely by the fakest of people throwing everything away, is fraying around the riots.All that’s left of this con job is the instant when the herd of dumbfucks realizes they’re just a herd of dumbfucks. Led by much bigger dumbfucks…Value line Geometric w/failed manic overthrow:The real economy is missing in action, which leaves just momentum – […]
Benchmarks ended Wednesday’s choppy trading session slightly higher after Fed officials said the economy is ready for a rate hike this year. Meanwhile, Janet Yellen emphasized that the timing of a rate hike isn’t important; instead the focus should be on the pace and trajectory of rate hikes.For a look at the issues currently facing the markets, make sure to […]
The S&P 500 (SPX) has seen its fair share of ups and downs in the first half of June, but the overall direction lacks conviction. Or is that changing? Like, real soon. This week kicks off with some noise due to failed weekend talks to rescue Greece. Just a little volatility primer before attention turns to the midweek Federal Reserve […]
“Next week could be wild. The stock market is still near record highs. It’s consolidating its gain. It seems to have lost some of its upside momentum. What’s interesting is it’s really not following bonds which it was for a while,” said Marc Chandler, chief currency strategist at Brown Brothers Harriman.”Bonds and stocks were really moving together. Now they’re not. […]
Benchmarks ended the last trading day of the week in the red following Janet Yellen’s comments that it would be appropriate to raise interest rates sometime this year. Yellen said the economy is well positioned to grow even if weak economic data had indicated the economy was not on a solid footing. Meanwhile, an increase in consumer price index raised […]
Last week started off ugly and could have gotten even uglier when Janet Yellen “quite high’d” the market into a tizzy. The savvy trader might have spotted her cautionary flag on uppity valuations as a reason to buy. That trader would have been rewarded handsomely when Friday’s jobs report helped to drive blue chips to their best day in more […]
