Our benchmark S&P 500 opened in the shallow red and sold off to its -0.25% intraday low about 30 minutes later. It then rose steadily to its 0.94% afternoon high before some late volatility trimmed the St. Patrick’s Day gain
March 17, 2016
Quotable “There are designations, like ‘economist,’ ‘prostitute,’ or ‘consultant,’ for which additional characterization doesn’t add information.” –Nassim Taleb Commentary & Analysis Dotty confusi-nomics and the dollar. I watched America’s lead economist—Fed Chairman Janet Yellen—talking about the economy yesterday; and after
If China Held A Normal Amount Of Reserves, Would Its Currency Be Higher Or Lower Against The Dollar?
That is the question millions are asking, or at least the question that people who talk about whether China’s government is holding down the value of its currency should be asking. Neil Irwin is on that list. In a NYT column today
Although the S&P 500 Index has bounced significantly higher from the February lows, the market action seems indicative of one where investors were caught on the sidelines. Even with the move higher in stocks, individual investors are indicating their skepticism
The Asian markets responded quite positively to the FED’s unchanged decision yesterday with HSI and China Main trading a little over 1% higher across the board. The Exporters did not fare so well, as such, Japan closed a little lower (-0.22%)
The Basic Materials sector is staging a rebound after remaining in choppy waters in 2015. The sector, which encompasses a broad range of industries, is finally looking up, supported by a string of factors including relatively encouraging U.S. economic data
“Success is the sum of small efforts, repeated day-in and day-out.” –Robert Collier Markets and stocks are strong today and acting as they should. Finally we’re seeing nice action this year and I’m heavy into stocks because of it. All
“But there is a sort of ‘Ok guys, you’re mad, but how are you going to stop me’ mentality at the top.” Robert Johnson “A man who procrastinates in his choosing will inevitably have his choice made for him by
Setting aside all other considerations and doubts about QQE, there was one factor that was supposed to be unassailable. That was the yen. QQE as a “money printing” operation was understood to act heavily on the exchange value of the
