Poor Data Eases Tapering Concerns, Boosts Stocks (Bloomberg)
Disappointing economic data released today led investors to believe that the Federal Reserve, in its meeting next week, would not be as aggressive in tapering its stimulus. As a result, stocks rose today. “The view is that we’re recovering and continue to do it in a slow pace,” Channing Smith, at Capital Advisors Inc. in Tulsa, Oklahoma, said. “The Fed will begin to taper but will be on a magnitude of $10 billion, which shouldn’t have an impact.”
This content is for paid subscribers only. To gain access subscribe to one of our…
It is hard to find a seasoned investor who doesn’t believe the stock market is…
No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…
The Options Industry Council is a resource used to educate investors about the benefits and…
The put-call parity is the relationship that exists between put and call prices of the…
“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…