All the markets moved sideways today. Stocks are flirting with technical support areas to determine if this market will bounce up again, or die a painful death by losing a significant amount of its recent gains. On the news front, everyone is waiting to see if Congress and the President will be changing course, or [...]
All markets are up. Stocks are benefiting from the holiday season buyers.
Bonds are down, and you will be the payer of higher interest rates in the future. The FED is pulling back on their support of interest rates.
The Dollar rise has stumbled, and is now looking for new direction. Gold is still falling after a [...]
Stocks soared today on great earnings from Intel. The herd took that as a sign of our economic recovery – it’s not.
Bonds lost lots of value, increasing interest rates up 0.25% in two days. Here come the higher interest rates again. Think inflation worries.
The Dollar lost a lot of value today, after moving sideways for [...]
Stocks rested today as traders are waiting for the real “stress test” results. So, a sideways day!!! Ditto with bonds.
The Euro backed up a little against its gains with the Dollar from yesterday.
Oil and gasoline went sideways, but are at high levels.
Gold was sideways, but remains above $900 – wait and see what happens.
In the [...]
Stocks fell a little today, and are awaiting earnings reports to determine its future path.
Bonds also moved sideways, as did the Dollar.
Oil and gasoline fell slightly.
Gold fell a lot, being down $25 today. The new price has broken a trend line on the downside, and gold must test recent support levels at $850 to $860 [...]
Stocks fell a little today, but ominously bond interest rates rose. More ominously, the Dollar fell and oil/gasoline rose on the inflation fears of the FED action of yesterday. The energy price rise was an unintended consequence of yesterday’s actions.
Gold rose $70 today, a big blast. This was also a unintended consequence, but a good [...]
The big news today was the FED action to spend $1.1TRILLION dollars to “save the economy.” I want to break down the FED statement and intended actions and explain the consequences of this action.
The FED intend to make two big moves:
Use $300B to buy long term Treasury Bonds
Use $750B to buy mortgage backed securities [...]
Stocks went way down today, recovered to positive territory, and ended down 80 points. Bank worries continued to be a key worry.
Bonds lost ground (increase interest rates), as future inflation and supply of bonds weighed on the market
The Dollar gain as did Oil and gasoline (on increased demand recently in gasoline.) Gold went sideways today.
In [...]
Stocks moved sideways today, as did the Dollar.
Bonds started a rally today with decreasing interest rates. This was caused by a successful auction of new Treasury Notes, and this satisfied the fears expressed last week on a great new supply of Treasuries being issued.
Gold fell below $910, so let’s wait to open that bottle of [...]
All markets went sideways today. It looks like all markets needed to recover from their past moves, and reconsider where they’re going. Tomorrow should be more interesting.
In the news today…..
The FED released their minutes of the December meeting. They gave their rationale for lowering the Fed Funds rate to a range of zero to 0.25%. [...]