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…
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…
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…
Financials and Small Caps Rise Ahead Of September FOMC Meeting 2012 On QE3 Expectations, German Court Ratifies EFSF: The sectors we are watching carefully moved up as traders await news from the Fed on QE3 at the September 2012 meeting. Fed Chairman Ben Bernanke will let market participants know more tomorrow and some traders moved…
Ben Bernanke Doesn’t Deliver On QE3 At Jackson Hole 2012 But Market Holds Steady: Traders weren’t wrong today when they bet on Ben Bernanke not delivering on QE3. At the FOMC meeting at Jackson Hole 2012, Ben Bernanke once again hinted that more easing was possible but made no specific mention of when QE3 would…
