Markets
Commodities Run About to Turn?
The positive headlines are everywhere this morning. On Bloomberg alone, we read that the worst is over for Treasury bonds, factory output improved in Japan for the second straight… Read more
Fed Holds Rates, Defers on Inflation Question
The Fed has spoken. Interest rates are not going higher anytime soon. And the Fed announced no change to its $1.75 bond purchase program. Bonds sold off, suggesting that… Read more
The Fed, the Dollar, and Commodities Profits
The FOMC is expected to announce no change to the overnight lending rate later today. Economists also expect the Fed to say that it will continue to purchase Treasury… Read more
Stocks don’t like Mondays
Stocks don’t like Mondays. This is the third Monday in a row that’s started with a gap down open. And volume has been on the light side each of… Read more
China and India the Bright Spots in Global Economy
Oil is down again this morning. The World Bank has lowered its growth projections for the global economy. In March, the World Bank was calling for a 1.7% contraction… Read more
Investing for Inflation?
So now the government is actually going to subsidize car sales with up to $4,500 in incentives for car buyers who get rid of cars that get 18 mpg… Read more
50 and 200 Day Moving Averages Look to Converge
10 banks have paid back $68 billion in TARP loans. Including some smaller banks that have already repaid loans, the total is now over $70 billion. Even though the… Read more
Analyst Raises BAC Price Target, Time to Buy?
On Monday, an influential bank analyst raised his price target for Bank of America (NYSE:BAC) to $19. That implies a 40% jump for BAC. Curiously, this particular analyst didn’t… Read more
Russia, China, India, Brazil Seek to Dump Dollar
Jason Cimpl, technical analyst at TradeMaster Daily Stock Alerts, called yesterday’s 2.5% drop on the S&P 500 to a tee. If you watched the video chart analysis from Jason… Read more