Job Creation Beats Estimates, But Unemployment Rate Rises
The U.S. economy added 175,000 jobs last month, beating out expectations from economists of 170,000 new jobs. The unemployment rate edged higher to 7.6%. April’s jobs report was revised lower as well...
View ArticleS&P Raises Credit Outlook for U.S. Credit to Stable
Credit ratings agency, Standard & Poor’s, raised its U.S. credit outlook higher today to stable from negative. This is good news, but investors have usually ignored the ratings agencies lately...
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What Will Shape The Stock Market This Week?
Stuck in the ides of June, investors and traders alike will get the usual deluge of early business surveys, including the flash EU PMI, the Philly Fed and the New York Empire. Outside of macro data,...
View ArticleIs Today’s Consumer Price Data Good Enough for Bernanke?
On Tuesday, the Labor Department said its Consumer Price Index rose 0.1% in May, below analysts’ forecasts of a 0.2% increase. If you strip food and energy from the CPI, consumer prices rose 0.2% last...
View ArticleInvestors on Edge as Fed Statement Hangs Over Markets
Investors are on edge this morning. The Federal Reserve is expected to issue their policy statement at 2:00pm EST and will be followed by a news conference with Fed Chairman Ben Bernanke. Most...
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Taper Tantrum Hits Wall Street As Conflicting Data Converges
If observers didn’t think QE was a drug, all they have to do is glance at the the major indices today. Equity markets across the world are taking a beating. Stateside it is due in part to Bernanke’s...
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QE Taper? Bond Market Prefers Cold Turkey
Spin it. Wrap it in a bow. Say it a 100 ways. The 10-year yield looks like it want s to head one way. Higher. The talk of Wall Street has been the QE taper and the effect it would have on interest...
View ArticleSilver Prices Search For A Bottom
Being honest, the FOMC meeting was not kind to the silver price bugs out there. Any hint of a stronger of stronger dollar knocks the legs out from under silver’s chari. And this time it did it in a big...
View ArticleForex Market Report: Fed Officials Throw The Emergency Brake
Couple triple digit losses on the Dow and my how they all reach for the emergency brake at once. Fed officials and other market observers are coming out of all corners saying the market was...
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Deutsche Bank Fed QE Commentary: 15 Years Too Late
Jim Reid, an analyst from Deutsche Bank, is out with a Fed summary going over the the Fed tapering and its impact. Reid’s take on the tapering is that overall it is a distraction and that the removal...
View ArticleStocks Futures Turn Negative On Fed Governor Comments
Stocks were set to open higher, but reversed to show a lower opening on the final trading day of June. Fed Governor Jeremy Stein’s comments spooked investors a bit today. He highlighted the upcoming...
View ArticleFalling Markets? Richmond Fed Lacker Says Get Used to Volatility
In the equivalent of a political Friday news dump, it seems today is the Fed’s chosen bad cop day for the markets. First, it was Jeremy Stein who telegraphed it could be September when the taper...
View ArticleJim Rogers: “The Only Protection is Owning Real Assets”
Safe to say he’s not on Bernanke’s Christmas card list. Jim Rogers, the co-founder of the Quantum Fund with George Soros and author of Hot Commodities sat down for an interview with the Bull Market...
View ArticleGold Prices in Snap-Back Rally Even As Citi Warns
Gold prices are heading higher this morning as investors look to bounce the precious metal. Gold has seen a bit of a rough patch in recent days. The precious metal took a 10% dive in the past month...
View ArticleNeed More BOJ Liquidity? Japan to Change Inflation Calculation
In what will effectively raise the bar when it comes to meeting the inflation target set by the Bank of Japan (BOJ), the Japanese government has decided to strip out energy prices their inflation...
View ArticleGold Prices Today Stick Saved By Bernanke
Taper? What taper? This is the United States. And here, we print money until the economy either implodes or we land on Mars. Whichever comes first. And gold prices are loving it today. Yesterday, the...
View ArticleSeth Klarman Talks of Possible Economic Collapse
Here’s a billionaire that is sure to lose his status of being on the Fed’s Christmas card list. Following Fed Chief Ben Bernanke’s speech last night, Seth Klarman came out with his own investment...
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Markets Wake To Find Portugal Unfixed
Seems delayed reactions are the new thing on the street. Or everyone was irrationally exuberant that the Fed was going to keep the markets injected with QE. But Portugal has managed in a short order to...
View ArticleGold Prices Take A Breather Today As Bernanke Watch Starts
Gold investors are probably at this point wanting to canonize Fed Chief Ben Bernanke after he pulled the stick save of gold prices last week. The talk of taper and then the release of the FOMC minutes...
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Industrial Production Too Good To Send Markets Higher This Morning
Alas, that is what the markets have come to. When you lack, what was that term called again? Oh yeah, volume. You need another driver. And right now, it is the promise the of more QE. To get it, bad...
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