The Fed Speaks

The Fed Speaks

Friends So, here is what we heard from the FOMC and Chair Powell this afternoon. It seems likely that the Fed will begin the tapering process (reducing asset purchases) in November or December of this year and that the process will take about 8 months which means it should...

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Volatility

Volatility

Friends   For years now we have seen disruptive days like the one we saw for stocks yesterday followed by heightened volatility. Today was no different with stocks moving nicely higher at the open, only to run into selling that sent the market averages back down into negative territory...

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Pendulum Swing?

Pendulum Swing?

Friends   The month of September continues to be a difficult one for stocks. Despite today’s slightly better than expected CPI number, the bulls couldn’t mount much of a rally and as has been the pattern lately, an early move up quickly turned into a pullback. The markets have...

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Remember 9/11

Remember 9/11

Friends   All of us who are old enough, remember everything about 9/11/2001. It was a day that started like any other, but was soon to turn into a nightmare that played out for most of us right on television. For those in New York City and specifically those...

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Bad Week for Stocks

Bad Week for Stocks

Friends   It really wasn’t a very good week for stocks. Now, that is somewhat understandable. First of all, seasonally this is often a difficult time for stocks, but add in stress about Covid-19 and the Delta variant, coming tax hikes, inflation, stretched valuations and the Fed likely to...

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Stocks Continue to Ease Lower

Stocks Continue to Ease Lower

Friends   Stocks were a bit soft once again today as market participants seem concerned about the Delta Variant, Congress’ spending and taxing negotiations and seasonal weakness in general. It’s always interesting to see how yesterday’s winners are today’s victims while yesterday’s losers showed strength today. The rotations go...

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