Unemployment Rate Drops To 7.7 from 7.9 Percent: Is QE Over? Unemployment rate drops to the lowest level in 4 years. Yesterday the unemployment report showed the U.S. economy is gaining strength. The U.S. economy added 236,000 jobs last month, according to the Labor Department report released Friday. The January data was revised down from…
The February 2013 Rally May Not Be Over, Month End Analysis: The February 2013 rally still has legs and is part of one of the most underrated, unloved stock market rallies of all-time. Most managers missed the rally all of last year and some were quick to short it when relative strength indicators for the…
FOMC January 2013 Meeting Minutes Put A Damper On Stocks: Some committee members think QE may need to end soon. The Federal Open Market Committee’s January 29-30 2013 meeting minutes dragged down stocks today as investors took profits after the recent February 2013 rally became extended. A sharp change in trend occurred after the meeting…
Tech Leads Stocks Down For The Week On ‘Fiscal Cliff Clashing’: U.S. stocks lost momentum to end the trading day with all the major indexes ending the week in negative territory. The Nasdaq Composite Index was the biggest loser of the three major averages today falling by 20 points or 0.70% to 2971.33. Fears about…
Fed Announces More Bond Buying At December 2012 Meeting But Rally Fades: One day after the Federal Open Market Committee announced it would be buying more bonds (QE4?), the stock market rally that began with a jump in the markets on the day of the announcement faded. After Federal Reserve Bank Chairman Ben Bernanke spoke…
