June 2013 New Home Sales Data Flattens Equities

Did Bernanke Really Put The Brakes On The Housing Market? Sometimes good news is bad news, especially when it suggests Ben Bernanke and the FOMC could start tapering sooner than later.  Today’s housing data showed the market is in good health with new contracts nearing May 2008 levels. U.S. new home sales in June 2013[…]

FOMC, Bernanke Say No To Tapering In June 2013 Meeting But Markets Tank Anyway

This Could Be A Buying Opportunity For Equities In The Intermediate Run: Ben Bernanke and the FOMC kept interest rates the same and won’t be changing the current asset purchase program also known as QE infinity.  Bernanke was clear that the ‘downside’ risks were less great than a few months ago but if economic conditions[…]

Financial Exchange Traded Fund XLF Hits 4 Year High, Is There Another Leg To This Rally?

Financial Exchange Traded Fund XLF Hits 4 Year High, Is There Another Leg To This Rally? The financials are leading the market again.  That hasn’t happened since before the crash of 2007-2008 and it’s a strong signal that the market could have a stronger long-term rally in the makings.  The highly watched XLF exchange traded[…]

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Fed Announces More Bond Buying At December 2012 Meeting, Ties Rates To 6.5 Unemployment Level But Rally Fades

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[…]

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Stocks Meander Sideways Before The September 2012 Close Of The 3rd Quarter, Money Managers Will Chase Performance

Stocks Meander Sideways Before The September 2012 Close Of The 3rd Quarter, Money Managers Will Chase Performance: Stocks barely moved today and rebounded off of the lows in the early part of the session as traders await housing news tomorrow and Fed estimates of GDP this week.  U.S. equities are behaving normally after running up[…]

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Will The September 2012 Rally End On A High Note?

Will The September 2012 Rally End On A High Note? Stocks are rebounding from lows today (at 11:45 am) as investors look for buying opportunities after a few days of declines last week.  Apple fell below $700 today but this didn’t discourage investors from looking at other equities.  Apple’s new iPhone 5 was a hit[…]

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Stocks Finish Lower The Week After Fed QE3 Announcement, Is The September 2012 Rally Over?

Stocks Finish Lower The Week After Fed QE3 Announcement, Is The September 2012 Rally Over? One week after the massive bond-buying program from the Federal Reserve Bank was announced, stocks finished slightly lower as traders took profits.  A few distribution days occurred this week as market participants locked-in gains made after Ben Bernanke announced he[…]

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September 2012 Rally Turns Rangebound As Traders Look For New Opportunities and The Possibility Of QE4?

September 2012 Rally Turns Rangebound As Traders Look For New Opportunities and The Possibility Of QE4? Stocks fell slightly today on no major news as traders look for new support levels after the Fed promised to inject more stimulus into the U.S  economy.  The S&P 500 traded in a tight range today as traders look[…]

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Fed QE3 Helps Extend September 2012 Rally, 8 Things To Look For Next

Fed QE3 Helps Extend September 2012 Rally, 7 Things To Look For Next: Ben Bernanke last week announced a new QE3 program which helped keep the September 2012 rally alive.  Short sellers are jumping right back to their traditional talking points stressing the lift in stocks won’t continue.  Do they have it right? The Fed[…]

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Egan-Jones Cuts U.S. Credit Rating From “AA” to “AA-,” Is Moody’s Next?

Egan-Jones Cuts U.S. Credit Rating From “AA” to “AA-,” Is Moody’s Next? Egan-Jones has downgraded America. The ratings firm lowered the credit rating on the U.S. government to “AA-” from “AA,” and stated  quantitative easing from the U.S. central bank would hurt the economy.  Egan-Jones claimed the new $40 billion in spending each month by the[…]