Correction or Pause? Here’s The Indicator to Watch.
/in Investing/by Tom 2The Dollar Index and Treasuries both rallied for the first time this week on Wednesday, but the main catalyst wasn’t the better economic data (although that obviously helped). Instead, the reports in the Washington Post and Huffington Post that Larry Summers appears to be the favorite to become the next Fed chairman weighed on Treasuries.
WWFD (What Will the Fed Do), Is Fed “Tapering” Still on Track?
/in Investing/by Tom 2Economic data wasn’t the main market driver last week, as earnings have taken center stage. But, the data was mostly positive and the big takeaway from last week is that Fed “tapering” remains very much on schedule for September.
Boring But Important: ECB Relaxes Collateral Rules
/in Investing/by Tom 2This news hit wires pretty quietly Thursday, but the ECB took action to help solve a major issue that is impeding the recovery in Europe. One of the problems I and others have been discussing for some time in Europe…
Missed Profiting from the Bond Market Selloff? Here’s Your Chance to Get In.
/in Investing/by Tom 2The key here remains that the equity market continues to get more comfortable with the reality of “tapering.” Keep in mind that the market broke from its highs almost two months ago on the Hilsenrath WSJ article that said the Fed was game planning its exit, so markets have been adjusting to this new Fed reality, sometimes violently, for 2 plus months.
FOMC Minutes/Bernanke Preview
/in Investing/by Tom 2The Fed remains critical to the market, so today’s Fed events today will be front-and-center like they always are. But, whatever the immediate “reaction” to the FOMC minutes and Bernanke, keep in mind that the very broad consensus is that the Fed will begin “tapering” at the September meeting. That is the baseline expectation.
Was Friday’s Rally A Game changer for the Market?
/in Investing/by Tom 2Friday’s jobs report capped what was a good week for domestic economic data, and the main takeaway was that Fed “tapering” expectations in September were further cemented by the data.
Today’s moves are being driven by the tech earnings
/in Investing, Reports/by Customer Service“Most of today’s moves are being driven by the tech earnings, which is helping ease the anxiety from Thursday’s results,” Sevens Report Research’s Tom Essaye told Barron’s.