Volatility Drops In Big Week For Economic Data, EU Summit June 2012: Volatility fell today after peaking yesterday with a gain of 17.2 percent as traders became more fearful about the global economy. The U.S. economy has shown little resilience in the last few weeks and economic numbers due out this week have pushed more…
Fed Extends “Operation Twist” Until The End Of 2012, Lowers Economic Outlook: FOMC June 2012 meeting goes largely as expected. In attempts to put downward pressure on longer term interest rates, the Federal Reserve Bank announced today that they were extending “Operation Twist” based on Europe weakness, tight credit and slow growth in the labor…
U.S. Equities Shrug Off Greek Elections And Trade In Thin Range Ahead Of June 2012 FOMC Meeting: Stocks traded in a narrow range of roughly 90+- points for the Dow Jones Industrial Average as investors waited for the Fed to signal whether more easing would occur. The June 2012 FOMC meeting starts tomorrow and investors…
Forget “Grexit”, Jobless Claims Data Suggest June 2012 Could Be Worse Than May Unemployment Growth Of 69,000: Fed may move after Greek elections on Sunday. Americans are still finding it difficult to obtain employment. Unemployment insurance benefits rose last week which suggests the labor market won’t improve significantly anytime soon. While most people are focused…
Bernanke Elusive At Congress As Consumer Credit Hits 6 Month Low, June 2012 Jobless Claims Dismal, China Eases: Ben Bernanke didn’t give many clues as to whether he would like to implement QE3 or continue Operation Twist, as expected, when he spoke to Congress today. Bernanke did speak about the need for Congress to get…
