September 6, 2017
For the first time in two years, the owners of the Dow Jones Industrial Average have changed the benchmark’s divisor, the number used to determine how moves in the share prices of individual Dow components affect the level of the
The stock market had a minor move lower on Tuesday in the first day back from the Labor Day weekend. This is the start of the weakest month of the year. For some reason, the North Korean threat is now
Fed Vice Chair and Yellen ally Stanely Fischer announced his unexpected resignation today, citing “personal reasons.” His term as a Fed governor wasn’t to be over until 2020 and his vice chairmanship was to end June of next year. Fischer
A lot of the talk in Asia was surrounding concerns over the continued and unsurprising decline in the KOPSI. Today it fell again (-0.3%) with industrials and core exporters leading the decline making this the fifth day sellers have taken
The Fed’s Beige Book is a summation of useless anecdotal information compiled by Fed governors from each of the Fed’s 12 regions, eight times a year. The report is 36 pages long so inquiring minds may be seeking a short version.
Disappointing Data this morning was trump’d by some de-escalation with North Korea and a short-term debt-ceiling can-kicking – stocks rallied, bonds & bullion leaked lower, and the dollar was unable to get back into the green… Video length: 00:00:03 The
Not much happening in the market today. The Leader List The leaders are listed below in blue and green. The S&P500 is the benchmark. Energy is rallying a bit. Outlook The long-term outlook is positive, but the caution flag has been raised.The
The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It’s a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the
The Bank of Canada caught everyone by surprise when they raised interest rates to 1% today. We knew there was a small chance of a hike but we didn’t really expect it to happen so quickly after the last
