The major indices entered this week at all-time highs, but exit with their first weekly losses since late June as the momentum couldn’t be sustained at the start of earnings season.
The S&P and NASDAQ were each off by...
Related topics: Nasdaq, US Equity Markets
From Matthew Graham at Mortgage News Daily: Mortgage Rates Fall Again as Lenders Play Catch UpMortgage rates lower again today. The improvement was fairly decent given the amount of movement seen in the bond market. The reason for that has to do...
Related topics: Polls, Mortgages
Authored by Sven Henrich via NorthmanTrader.com,
Tech Oddity
Tech making new highs again in July as markets are anticipating rate cuts from the Fed later in the month. It’s still early in the earning season, but about to get heavy with...
Related topics: Netflix (NFLX)
From the Chicago Fed: Index Points to Economic Growth near Historical Trend in JuneThe Chicago Fed National Activity Index (CFNAI) ticked up to –0.02 in June from –0.03 in May. One of the four broad categories of indicators that make up the...
The Federal Reserve has control of monetary policy in the U.S., and given some of the recent economic hiccups that we've seen recently, there's been a lot of speculation about whether the Fed will step in to cut interest rates from the current range...
Authored by Chris Whelan via TheInstitutionalRiskAnalyst.com,
We caused a bit of a fuss last week on CNBC by suggesting that the Federal Open Market Committee will not cut the target for Fed funds this month. We suggested instead that the...
Related topics: Cnbc, FOMC
About 20% of households have less than $400 in their checking and savings account, based on a Federal Reserve study. Others fear paying another bill.
Members of the FOMC might be in their "quiet period" ahead of the July Fed meeting, where the board is expected to cut interest rates by at least 25 bp, but President Trump's attacks on the central bank continue.
In a series of tweets, Trump...
Related topics: FOMC, Banking
About 20% of households have less than $400 in their checking and savings account, based on a Federal Reserve study. Others fear paying another bill.
Market expectations for Fed FOMC interest rate cuts have gyrated back and forth following a recent speech by NY Fed President Williams, one of the key decision makers within the Fed FOMC. He appeared to support a 50bps rate cut at the meeting at the...
Related topics: FOMC
Weekend:• Schedule for Week of July 21, 2019Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for June. This is a composite index of other data.From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures are down...
Related topics: Cnbc, Bloomberg
Weekly Forecasting Update: July 12, 2019: "the Fed has recognized that its hope of normalizing the Fed Funds rate in the foreseeable future is vain, and has now recognized that its confidence over the past six years that we were close to full...
Authored by Sven Henrich via NorthmanTrader.com,
Markets are engaged in a clear battle for control: An active Fed eager to extend the business cycle using asset price inflation as its primary means to generate further debt financed growth on the...
Related topics: Inflation
1. The culture that is West Palm Beach: “The loop of “Baby Shark” and “Raining Tacos” is a temporary fix to keep homeless people off the patio.”
2. Federal Reserve comic books now on-line.
3. Why are women’s voices deeper...
President Donald Trump attacked the independent US Federal Reserve on Friday, demanding the central bank reverse course and cut interest rates — something it is widely expected to do this month. In another Twitter outburst, Trump called on the...
Related topics: Donald Trump, Banking, Social Media, Twitter (business)
The key reports this week are the advance estimate of Q2 GDP, and June New and Existing Home Sales.For manufacturing, the July Richmond and Kansas City Fed manufacturing surveys will be released.----- Monday, July 22nd -----8:30 AM ET: Chicago Fed...
Wall Street had a quiet close to the week on Friday, as broad-based market benchmarks finished the session with modest declines. Various members of the Federal Reserve's monetary policy committee have been making statements about their views on the...
Just how "efficient" is the stock market in this day and age when risk prices are set solely by the Fed?
Consider the following fiasco: on Thursday one day after Stifel Nicolaus analyst Ben Nolan downgraded nat gas company Tellurian from Buy (and...
Anyone else feel like we're "on a highway to the danger zone" in stocks?
Only China's tech-heavy ChiNext ended the week positive...
European stocks were red across the board with Italy worst on headlines about a fresh election...
US...
Related topics: Drones, China, Italy
Submitted by Daniel DiMartino-Booth of Quill Intelligence
Structural unemployment exists when available workers do not have the skills for the current job openings which continues to be an issue identified by the Fed’s Beige Book; however, the...
Related topics: Unemployment