The Rally that Failed On my last podcast, which I recorded on Wednesday, I pointed out that the market’s failure to hold the rally in
Tomorrow is the first of the Fed’s 2-day Federal Open Market Committee Meeting, and it’s going to be the first meeting where there is supposed
Retail Sales Down Three Months in a Row I’ve got so much to talk about today, it’s hard to even figure out where to begin.
Dow Down Over 250 Points Today the Dow Jones was down just over 250 points; we’re back below 25,000. I think we were down better
Buy the Rumor Sell the Fact One of the things that could de-rail Wall Street enthusiasm is if Republicans are not able to deliver on
Fed Fears Inflation Is Not High Enough Fed statements drove the markets today; particularly the foreign exchange markets and the precious metals markets. First we
Financial Conditions Are Loosest Since 1994 I was reading an article today that the Chicago Fed released their National Financial Conditions Index (NFCI) and according
Fire and Fury Not Strong Enough Donald Trump’s saber-rattling against North Korea continues. Yesterday the President was asked to clarify his statement about the “fire
Obamacare Repeal Charade Over The whole charade surrounding the repeal of Obamacare is finally over. The most recent attempt, labeled “Skinny Repeal” was a big
Summary: Every tax cut is temporary. Ryan’s premise that we can’t get the stimulus we need without a permanent tax cut is complete nonsense. Congress
