Raising rates at a gradual pace because we are worried about inflation. You can parse the fed statement all you want. Its exactly that. They didnt rule out a march hike. Shame on them. If jobless claims spike again tomorrow want to know if the analog fed members are really ready to tighten again despite digital deflation everywhere. In fact, i thought the whole statement was downright hawkish and bad for workers. The fed still thinks inflation could be a problem despite the decline in oil which doesnt seem to take seriously and doesnt see a cessation in hiring. Good luck. Box made worse, dare i say they know nothing. Second. I want to see an end to political uncertainty. To that all i can say is its a lot worse out there. We have no idea who will win in the two democrats are running against wall street with capital as is the gop frontrunner donald trump who castigates Hedge Fund Managers for not paying their fair share. Hillary clinton and trump and Bernie Sanders want medicare to cram
The fed reserve. We wanted them off the nation of raising rates at a gradual pace because we are worried about inflation. You can parse the fed statement all you want. Its exactly that. They didnt rule out a march hike. Shame on them. If jobless claims spike again tomorrow want to know if the analog fed members are really ready to tighten again despite digital deflation everywhere. In fact, i thought the whole statement was downright hawkish and bad for workers. The fed still thinks inflation could be a problem despite the decline in oil which doesnt seem to take seriously and doesnt see a cessation in hiring. Good luck. Box made worse, dare i say they know nothing. Second. I want to o e an end to political uncertainty. To that all i can say is its a lot worse out there. The iowa caucuses. The two democrats are running against wall street with capital as is the gop frontrunner donald trump who castigates Hedge Fund Managers for not paying their fair share. Hillary clinton and trump and
Advanced and makes sense. This is the kind of pull back in the dow and s p, more severe than earlier in the day. Its expected periodically. Since were in the thick of the playoff hunt, you have to view this market like the nfl and a particular session like a particular game. Sometimes the s p 500 gets beat simply because it doesnt execute well. Individual players fail to play up to their potential, especially when youre on the road facing the 12th man of a back drop. Today close at the end but even the best team suffers. First, lets start with the back drop, the Chinese Market had a huge rumble and while their weakness can be our strength, thats my theme, a 5 decline lets call it jarring. But not as jarring as the 12 decline in greece. The worst in 27 years. We had all put greece in the rearview mirror. Alas, what does the down fall of af greek government has to do with the price to earnings ratio of brist ol myers. When you wake up at 3 30 a. M. And its pouring rain and youre figuring
Ten year right around 1. 9. China trade was amiss and uk inflation at a 14 year low. Stocks pointing higher as earnings begin to roll out. Different story for oil fall to go merely a six year low as opec says it will not change its drought put strategy. And speaking of earning, alcoa did top expectations. What the ceo has to say about their Fourth Quarter results. Plus why Credit Suisse thinks iphone sales could drift stock to 130. But stocks look to end a two session losing streak. Oil back down below 45. Oil minister defending opecs decision into the tonot to reduce output. Brent around 45 as well. It was said its not about whether the price hike will come, its about more the timing. All i can tell you is that other countries and other continents are starting to react positively. Getting better feel from china. Europe were hearing Better Things because of the oil tee decline. India were starting to get a good read. The calvary is beginning to come from this low oil whereas we have ob
Offs. Kentucky tennessee, virginia maryland crippled by a winter storm. Federal offices in washington d. C. Will be closed today as they brace for snow. Airports in North Carolina and tennessee look to be the hardest hit and well have a live report from the Weather Channel in about 20 minutes, scott. Heres the big stories were watching today. Two economic reports of note. 8 30 a. M. Eastern time the new york fed releases its february survey of manufacturers and then at 10 00, a read on housing from the National Association of home builders. Theyll attend negotiations in the west coast. Drawn out talks between Dock Workers Union and their employers have come to a assault and as a result sports are clogged with cargo. Facing the deadline among the filings we have already seen city group, aig and Delta Airlines while exiting positions in bed bath and beyond. Among green lights new positions, time warner and east side technologies. They took a stake in American Realty Capital Properties in