“…. in light of recent changes in the outlook for and the risks to growth, additional policy easing may well be necessary. The Committee will, of course, be carefully evaluating incoming information bearing on the economic outlook. Based on that…
“I defined variant perception as holding a well founded view that was meaningful different from market consensus….. It was also critical to have a keen understanding of what the market expectations truly were. Thus, the process by which a disparate…
“One comment on sentiment as a contrary indicator. You’ll hear a lot of bulls say that this is a contrary indicator and suggests selling has exhausted itself. But I just don’t think we are anywhere close to that point. With markets…
Before the open this morning, JP Morgan analysts downgraded semiconductor king Intel (INTC) from “Buy” to “Hold”. They suggested Intel experienced a late quarter slowdown in orders that will hurt the 4th quarter and therefore slightly lowered their 4th quarter…
“Investors are putting on the recession trade.” – Tony Dwyer, Investment Strategist, FTN Midwest Securities Today’s trading is interesting. You’d think everything would be down big but it isn’t so. Three sectors are holding up well: Consumer Staples (XLP), Health Care…
“… the job market is losing momentum. That is critically important because income growth tied to the creation of new jobs has been a key source of support for the household sector….” – David Greenlaw, Morgan Stanley The BLS’s December…
If you look at a chart of the S&P for the last 6 months, the action is really bearish from a technical standpoint (S&P Downtrend Chart). We had a double top around 1560 (July 19, Oct 9). And now we’ve…
Amazon blew through $100 a share into the close today, a level it hasn’t seen since December 1999 (AMZN 10 Year Chart). It’s within striking distance of its all time high of $113. Wow!
Amazon is up almost $7, more than 7%, on huge volume before it reports earnings after the close today (AMZN 10 Day Chart). Investors seem cheered by good reports from Apple and Google and are expecting more of the same…
Thursday August 16th was a wild day in the stock market. It marked the culmination of almost a month’s worth of massive selling. The Dow was down more than 300 points at one point before, miraculously and for no apparent…