Simon Hobbs Goes Off On The Fast Money Traders
As expected, the Fed today cut the funds rate 50 basis points from 1.5% to 1.0%. But I don’t think enough attention is being paid to the statement. The Fed appears to me to have completely sold out their concern…
Technicals: The S&P closed last week at 5,408 – just above 5,400 which is an important level because the S&P has spent so little time below it in the last three months. In other words, below that level almost everyone…
Except in rare cases, I can’t see owning one of these. But as the Nasdaq creeps up, I decided to see if now is one of those times. I bought a modest position in the UltraShort S&P 500 ETF as…
There is a tremendous amount of uncertainty and disagreement about what the Fed will and should do on Wednesday. Nick Timiraos provided an excellent overview in an article on the front page of Tuesday’s Wall Street Journal (“Fed’s Interest-Rate Decision…
This morning The Bureau of Labor Statistics came out and said the economy added 110,000 jobs in September and revised the August number from -4,000 to 89,000. Given what a big reaction the market had to the bad jobs report…
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese…