Nov 30, 2022
(11/30/22) The US beats Iran in World Soccer, and markets gird up for the last Fed speech of the year by Jerome Powell; that will be the big market mover today, in addition to economic releases of Q3 CPI and Home Sales; We looks at the concept of stock gifting for Christmas, along with the tax implications, qualified...
Nov 30, 2022
(11/30/22) A bevy of Economic reports could move markets today, but the biggest factor may well be what Fed Chairman Jerome Powell has to say this afternoon. Personal Spending and the second estimate of Q3 GDP are released this morning. Powell's speech is the last public commentary before the Fed moves into a...
Nov 29, 2022
(11/29/22) Who's been gaslighting investors into thinking the Fed is going to suddenly pivot from its course of hiking rates to tame inflation? The Fed doesn't like it when markets rally, and the Fed has been clear more rate hikes are to come. Key to watch the VIX; why we're reducing exposure to energy stocks. The Fed...
Nov 29, 2022
(11/29/22) Merriam-Webster's Word of the Year: "Gaslighting," which is what markets have been doing to investors all year. The Fed, however, has been very clear about its intention to continue to hike interest rates to stem the surging inflation. And yet...and yet, markets have continued to rally on hopes the Fed will...
Nov 28, 2022
(11/28/22) Was Black Friday a bust? It's make-or-break time for Wall Street: Retail Sales numbers are nominal, and do not taking into consideration inflation impact: 78% jump in lay-away purchasing; stocks are trying to re-price-in downwardly revised earnings estimates. FOMC Meeting Minutes tend to suggest a...