MarketWatch has the tantalizing headline of “The Average Adjustable-rate Mortgage Is Nearly $700,000.”
I feel like investors are doing the “Boogie In The Dark” when it comes to understanding this broken market.
The Markets Drive Me Crazy!
Q1 2009 &P 500 Estimated Earnings growth rate is -0.8%.
And the CHANGE in S&P 500 Quarterly Earnings Per Share (EPS) is … -4.1%.
After a record January for stocks, this is not a good thing.
The US economy is experiencing a sudden surge of economic reports that exceed expectations. So much so that the Citi Economic Surprise index has skyrocketed.
The Eurozone, on the other hand, resembles Saganaki. That is, “Your cheese is on fire!…
Oops, they did it again. After hinting on January 30th that The Fed is considering halting shrinking of its balance sheet (better known as Quantitative Tightening), The New York Fed reported yesterday that their agency mortgage-backed securities holdings had been reduced by…
Now you know why Fox Business and CNBC no longer invite me to be interviewed.
The Federal Reserve’s “maybe we will, maybe we won’t” regarding further shrinking of its balance sheet coupled with keeping its target rate at 2.50% was celebrated by equity investors … and gold investors (including SPDR Gold Shares). (Bloomberg) — Gold is poised to close out January with a fourth straight monthly gain after the Federal Reserve signaled … Continue reading Gold Rewards Bulls in January as Fed’s Message Wounds Dollar (Gold Vol Remains Subdued) →
It is the continuing mambo of Italy falling into recession. (Bloomberg) — Italy fell into recession at the end of 2018, capping a year of political turmoil, higher borrowing costs and fiscal tensions that took their toll on the economy.
Today, The Federal Reserve announced that their target rate remained at 2.5%. This was expected. But on further balance sheet unwinding, Fed Chair Thurston Powell III had this to say: “In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the … Continue reading Fed Keeps Fed Funds Rate At 2.50%, Tepid On More Balance Sheet Normalization →
As The Federal Reserve continues to unwind its balance sheet, pending home sales YoY declined 9.5% YoY, t