Downbeat U.S. data has weighed on cyclical stocks during the past week. With the exception of the labor market data, most data has been consistently soft. U.S. economic data have been falling short of expectations by the largest margin since 2009. The latest reports to disappoint were Durable Goods for February, down 1.4% versus a […]
The latest Fed policy statement was like music to the ears of stock market participants. In sum, Fed Chair Janet Yellen told attendees at a packed post-Federal Open Market Committee (FOMC) meeting news conference that the Fed will move on interest rates when it simply is time to do so and that the U.S. central […]
The upcoming Federal Open Market Committee (FOMC) meeting scheduled for March 17-18 should be a lively discussion among the voting member Fed governors.
One would think that the bump in employment data would provide some relief to commodities. But the prices of oil, copper, gold and just about every other hard asset class did not rise in response.
There is a buffet table of high-yield alternative asset classes where 5%, 10%, 15% and even upwards of 20% yields can be garnered.
The holiday-shortened week saw the S&P rally to a new all-time high, crossing the psychological 2,100 level followed by some too-tempting-to-pass-up profit taking. The key catalyst may have been optimism about a debt deal for Greece. Though negotiations are still underway, the market wants to hold its recent gains. Taking an economic view of the […]