At their December 2017 policy meeting, the FOMC majority voted to increase the monetary policy targets (RRP & IOER) by an additional 25 bps. It was the fifth such move dating back to December 2015. It was not, however, a
Is this index consolidating sideways, or is this a triple top developing? The group is entitled to a rest after such a strong run, but it is hard to believe that the bull market will survive very long if this
“The global economy has continued to move forward with what has been, so far, a synchronized global economic expansion with few notable exceptions, i.e., Venezuela. While reflecting the improvement in global economic growth, more and more central banks in the
A solid day for Asia with the broad based rally carrying all markets higher. Confidence gained from strong earnings, better data than US markets had expected and energy prices rallying over 3% all helped to produce a positive day. The
Tax Day should have been Apr 17 this year. But, the IRS has given taxpayers an additional day to file and pay returns after the webpage for paying tax bills using their bank account crashed. Tax Day has always been
Rates rip higher and the curve steepens dramatically; stocks tumble, semis suck, tech stumbles, banks burst higher; industrial commodities jump; and the dollar spikes – in other words – it’s opposite day. Futures show US equities stable and positive for
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through February. “Travel on all roads and streets changed by -0.1% (-0.2 billion vehicle miles) for February 2018 as compared with February 2017. Travel
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through February. “Travel on all roads and streets changed by -0.1% (-0.2 billion vehicle miles) for February 2018 as compared with February 2017. Travel