May 2016

Well the tone and tenor of the discourse of the various market pundits and Wall Street economists seems to be that this recovery is on track I guess there were some doubts about the recovery until the Federal Reserve laid all those doubts to rest based on the confidence with which they discussed the likelihood

It really is amazing how short memories are on Wall Street This seems exactly like December when everybody was convinced that a rate hike wouldn’t matter because the economy was improving and the market can handle higher rates And the stock market rallied right up until the Fed actually raised rates, and then it rallied

I wanted to record a short podcast today just to discuss the FOMC (Federal Open Market Committee) minutes that were released at 2:00pm this afternoon ET, which reflect the views of the Fed when they had their April meeting, some 6 weeks ago, when the Fed decided not to raise rates As a result of

Another volatile day in the stock market sees the major averages deep in the red The Dow was down just over 1%; down 180 points, 17,529 The NASDAQ actually got walloped a little more; down just shy of 60 points, 1.25% I think the catalyst for today’s declines was a couple of Fed officials talking

The markets continue, really, to ignore all of the overwhelming bad news Bad news on the economy, bad news on the corporate earnings front, retail sales – you name it, the news is bad But the markets seem to shrug it off All the markets – the equity markets, the foreign exchange markets, bond markets,

Today I really want to talk more about Donald Trump, in particular, the firestorm that I think I lit with respect to Trump comments with respect to defaulting on the National Debt Now I really believe that I am the first guy to have picked up on that because, when he originally talked about that

Today we got the government’s Non-Farm Payroll report, otherwise known as the Jobs Report, for the month of April and pretty much all the mainstream Wall Street guys were looking for another strong report In fact, earlier in the week Goldman Sachs was out saying that the 200,000 consensus estimate was too low! The optimism

And then there was one; Donald Trump is now the presumptive Republican Presidential nominee for 2016 I remember when this Republican Primary started and the field was very wide They had to split the debates up between the main event and the under card because there were so many candidates Nobody in the mainstream really