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3.20.2016 - Financial Intelligence Report Bookmark


The Yellen Flip

There’s a lot of folks that actually think the Federal Reserve is somehow a Federal Agency. They are not. There are a lot of folks that think we need this non-elected band of criminal bankers.  We don’t.  There are even people that think the United States always had a central bank.  It didn’t.  But we’ve been stuck with one since 1913.

For any of you who would truly like to understand how the Federal Reserve came to be, the best place to start is a book called “The Creature from Jekyll Island”.  I highly recommend it.

3.18.2016 - Insiders Club Bookmark

3.18.2016

Hello everyone, welcome to Friday  ( at last)

The magic levitation continued yesterday, as they rabidly bought up any and everything. CAT cuts its earnings estimates by 30%?  No problem, CAT gains a buck fifty on the day. Tiffany cuts guidance, sees the first quarter down 20%?  No problem, TIF is indicated higher.

3.17.2016- Insiders Club Bookmark

3.17.2016

Good morning all, welcome to another day of watching the slow motion train wreck that is indeed the global economy.

Yesterday Janet Yellen and the Federal Reserve decided to turn coat and instead of continuing on a policy of hiking rates this year, they cut the number of expected hikes from 4 to just 2. They also failed to mention with any gusto if June is even on the table.

3.16.2016 - Yellen Chickens Out Bookmark

Today is Federal Reserve day, and most of the people were expecting Janet Yellen and co. to come out a bit more hawkish, basically pushing for another rate hike in either April or June. Well that didn't happen. In a complete turn around, she not only kept rates steady, she announced that for the year 2016 they were no longer looking at 4 rate hikes, they are only looking at 2.

 

That's a massive change in their outlook and the first reaction by the street was for stocks to roar higher. Only on Wall Street could you have a situation where the economy is so weak, where the global economy is so trashed that she can't move rates off of basically zero,  but the stocks go up, because it is easier to create more debt!   

3.16.2016 - Insiders Club Bookmark

3.16.2016

Hello all, welcome to Yellen day....

Tuesday was the lowest volume day of the year. Monday was the second lowest volume day of the year.  No one wanted to make a move ahead of the Fed. Well, today is decision day.

There's a lot of things in play right now. The Fed's are in a strange predicament as they've told the world we're doing really well, with virtually "full" employment. Yet that doesn't jive with 0.25% interest rates.  It looks stupid.  So for them to continue to "wait" on normalizing rates, just lends to the idea that the Fed's are happy rigging the markets higher

3.15.2016 - Insiders Club Bookmark

3.15.2016

Good morning all, welcome to another day of "wait".

Yesterday was the lowest volume day of the entire year.  No one wanted to make a move.  If they sold and Yellen comes out very meekly, they'll miss the jump higher. If they bought, and Yellen gets really firm about hiking rates, they'll get hurt in the selling. So, they sat on their hands.

3.14.2016 - Insiders Club Bookmark

3.14.2016

Good morning everyone, welcome back from your weekend. I hope you all got your clocks adjusted properly!   It's amazing how many of those things are hiding around the house. Between the alarm clocks in the bedrooms, the coffee pot, the microwave, the stove, the mantle clock, the clock in the garage, all the cars, etc...we actually were stunned at how many clocks are spread around.

So it's Monday....

3.11.2016 - Insiders Club Bookmark

3.11.2016

Good morning all, we've made it to Friday.  By the way, this weekend we get to turn the clocks forward and boy am I looking forward to that. Getting that extra hour of "daytime" after dinner is something I look forward to every year. We like to walk the trail in a park near us after dinner, but we run out of light.  Starting Monday we can make it happen again. Yay!

3.10.2016 - Insiders Club Bookmark

3.10.2016

Good morning all, welcome to Thursday.

Well, he did it. Draghi brought out the bazooka.  In a policy move that only an academic from Wall Street can understand, if what you've been doing doesn't work, then do more of it.

3.9.2016 - Insiders Club Bookmark

3.9.2016


Good morning everyone, we've made it to Wednesday.   Looking at the futures, it appears that the algo-bot driven up and down chop is back in play.

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