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Month: January 2015

A Dove in Hawk’s Clothing – Ep. 49

Fed’s official statement released yesterday Received by the market as hawkish, Fed is still reiterates “patience” The statement noted unguarded optimism about the U.S. Economy Fed ignored unstable markets, Europe, oil prices and strength of the dollar Response: the market sold off and the dollar rallied Gold declined on Fed’s expectations The Fed’s underlying goal …

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Weak Earnings and Bad Economic Data Pummel Stocks – Ep. 48

Wall Street spared blizzard only to be buried in bad earnings and bad economic news December durable goods down 3.4%; expected to come in at +.7 Consumer confidence up to 102.9;¬†contrarian indicator Last time consumers were this confident was in the middle of 2007 Number will collapse when reality has a violent confrontation with perception …

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