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.
It’s a Holiday Shortened Week, but the Economic Data Will be Market Moving
/in Investing/by Tom 2Last week was a mixed week of generally “second tier” economic data. Positively, housing data continues to confirm the recovery in the housing market is still accelerating. New home sales, Case-Shiller and pending home sales all beat expectations, although again…
Did the Last 48 Hours Make the Fed More Hawkish?
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Did the Last 48 Hours Make the Fed More Hawkish?