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6.13.2018 - Insider Bookmark

6.13.2018

Hello all, it's Wednesday. Fed day. Hike day. 

Yesterday the market shrugged. No one on Wall Street seemed to care about the North Korea summit meeting between Trump and Kim. No, they were in pause mode, waiting for the federal reserve results of their two day meeting. Well, we get that decision this afternoon.

5.2.2018 - Insider Bookmark

5.2.2018


Good morning all! Welcome to Wednesday.

12.12.2017 - Insider Bookmark

12.12.2017

Hello folks, welcome to Tuesday. 

Today starts the two day Fed meeting which in my opinion will end tomorrow with a quarter of a point rate hike. In more normal times, the fear of a rate hike would have the market's diving, but as I mentioned Sunday, in this atmosphere of Central bank liquidity, momentum, tax strategies and performance chasing, they'll "probably" ignore this hike. 

10.31.2017 Bookmark

10.31.2017

Good morning all, welcome to a new day.

So, what was yesterday? Who knows. Maybe the Mueller investigation rattled them. Maybe Tony Podesta stepping down from his own lobbying firm got them thinking this is wider and deeper than they expected. Or maybe it was just a pause day, because Friday was insane?  I'm sure we'll find out.  In any event, we lost 85 DOW points and 8 S&P's, as the market simply didn't have any traction at all.

6.6.2017 Bookmark

6.6.2017

Happy Tuesday to ya.....

Yesterday we closed out the day flat.  The DOW slipped by 22, the S&P by 3. It was another in a long string of low volume pause days.  I'm not positive but I think it was the second lowest volume day of the year. 

12.14.2016 Bookmark

12.14.2016

Hello all, welcome to Fed day.  Yes, today is the day that we'll see our first rate hike in exactly one year.  

Last December, no one thought they'd hike rates, but I continued to say that they would and for just a couple reasons. First, the .25 basis point hike would do nothing and second...they had talked about hiking for so long that if they didn't do it, people might actually start laughing at their analysis of things. 

9.9.2016 - Insiders Club Bookmark


9.9.20146

Things just continue to get ever more curious, don't they?

On Wednesday, the labor department "revised" away approximately 150,000 jobs over the last 12 months.  Many don't know this, but once a year the Government compares its jobs date against a more complete set of information and then "adjusts" what they see. Well, that doesn't happen until February, but they did go ahead in their "first look" and suggest that their numbers are off about 150K.   If you think about that, and add in all the hundreds of thousands of jobs the Birth/Death model added, you come away with the idea that the jobs market is really broken.

1.27.2016 - Insiders Club Bookmark

1.27.2016

Good morning everyone, welcome to another day in the madhouse....

Yesterday the market put in another of its manic, mindless romps higher. Yes oil was up and they liked that, but was there any guarantee that oil would stay up? Nope, and indeed overnight it pulled back again. 

After the bell yesterday, AAPL announced earnings. While they were still spectacular, it was the first time since 2003 that sales growth actually slowed. Tim Cook had to admit that the global economy just wasn't what he thought it would be.  Glad you woke up Tim.

12.16.2015 - Insiders Club Bookmark

12.16.2015


If you're a fan of UFC mixed martial arts, you know that when the main event is about to start, Bruce Buffer grabs the mic and shouts....IIIIIIITTTTSSSS TIIIIMMMEEEEE!!!!

Well it is time. Today we get the Fed's decision on interest rates. After 9 + years of either falling, or historically low - static interest rates, today is the day that the Fed's might bump them up by a quarter of a point.  The first hike in almost a decade is certainly news worthy. But it is also "complicated".

Insiders Club - 10.16.2015 Bookmark

10.16.2015

 

Good morning folks, we've made it to Friday and what an amazingly strange week it's been.


Yesterday was something of an enigma. At the noon hour, the market was struggling to hold green, with the DOW coming down from about 100 points, to just +39 points at one moment. But then shortly after 1, they started pushing things higher and higher and by the time the bell rang to close out the show , we'd gained 215 DOW points, but more importantly, an incredible 29 S&P points, which pushed the S&P up and over the resistance of 2020. 

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