Friends Reading the speech that Fed Chairman Bernanke delivered this morning in Jackson Hole, Wyoming, I was struck by the fact that not only does Dr. Bernanke believe that what the Fed has done has been beneficial, he is more than ready to do more if and when it...
Friends The second look at 2nd quarter GDP (first of two revisions) showed that the economy grew at 1.7% in the second quarter, which is just about what market participants were expecting. The first look had indicated growth at 1.5%. Ok, nothing too exciting, but hey I’m trying here....
Friends I am running out of clever ways to describe the lack of trading activity we continue to see. “Like watching paint dry”? No, not good enough. Suffice it to say, that as we wait on Dr. Bernanke’s speech at Jackson Hole this coming Friday, traders are just sitting...
Friends After Friday’s nice gains, today marked another painfully quiet day of trading as stocks barely moved in either direction. But since today is Monday, stocks had to be down, right? Today marks 12 out of the last 13 Mondays that we had stocks in negative territory. Not sure...
Friends After yesterday’s positive interpretation of the Fed minutes, St. Louis Fed President Jim Bullard was on television this morning indicating that the markets somewhat rosy interpretation might have been slightly misguided. Basically Bullard implied that perhaps there will not be immediate Fed easing. The result was reversing what...
Friends The release of the Fed minutes from the last meeting three weeks ago, indicated that Dr. Bernanke and friends seem to be leaning towards additional quantitative easing very soon. Is it necessary? Will it work? Will we continue to see diminishing returns? We will see shortly, but for...
Friends, Well, we finally got a little action today. Unfortunately for the bulls, the action was mostly negative. Stocks got an early bounce led by another early charge by Apple, but after an unknown research firm downgraded Apple shares from a buy to a hold, the shares reversed course...
Friends, The dog days of summer continue as stocks spent another day simply drifting along in a very narrow range. With no real news of any sort, other than the unending debate about the disaster that is Facebook and the ultimate success story that is Apple (today becoming the...
Friends, The dog days of summer continue as stocks spent another day simply drifting along in a very narrow range. With no real news of any sort, other than the unending debate about the disaster that is Facebook and the ultimate success story that is Apple (today becoming the...
Friends It’s official! The bear’s hair is actually on fire. With no good news of any kind in sight, stocks continue to climb the proverbial “wall of worry”. Today’s release of the weekly jobless claims number, nor the Philly Fed Survey report, would give anyone a reason to celebrate....
Copyright 2021 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.
Hand-crafted by Web Design The Woodlands - Design Squid
