FOMC Does Not Signal End To QE: The FOMC’s statement today was strong/bullish but most of the attention was not on the lack of inflation or that the FOMC could make additional bond purchases. ADP’s data today showed the economy is exceptionally weak with only 119 private jobs in April 2013 The 3 Most Important…
Disappointing First Quarter 2013 GDP Growth At 2.5 Percent Will Keep Fed On Hold: Sometimes bad news is good news. Yes, everyone would prefer better economic numbers, but that’s not happening and the political economy risk that has threatened the U.S. economy for the last few years is taking root again. Sequestration and the increase…
Fed March 2013 Decision Keeps Rates Unchanged: The S&P 500 came within 4 points of the all-time closing high after the Fed decided to keep interest rates unchanged. Stocks meandered through the session but got a bounce after the FOMC decision to keep interest rates at current levels was announced. Equities retreated late in the…
The S&P 500 fails to make new March 2013 all-time high but this may not dissuade investors. Stocks were unable to rally today but came off the lows towards the end of the session as traders took advantage of a distribution day after consolidation of the major averages. The S&P 500 seems poised to hit…
Dow Has First 9 Day Winning Streak Since 1996 On February 2013 Retail Sales, Traders Cautious: When will we start talking about the Fed again? Traders picked up on upward momentum in midday trading as the Dow rose marginally in a cautious trading environment. The Dow Jones Industrial Average barely gained for the day closing…
