I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this year. Since then this horrendous sell off in china. Its silar tthe destructe force that dcended un our marketlast augt. Backhen ifou recl thfed was out pull e triggeon ra hikbut they tught betterf it. Now th tyreuyin they he chos to ke one input tter me than a oth inheir disio to rae rateand that thenly inpu plumting andasing flatn. Itshat hiring is od which meanif we get a robust employment number tomorrow morning we could finourselve do subantially becauset wod mean more talk thathe fed must ti
It is the worst trading days for the s p as well at the beginning of the year. Throughout tonights show im going to talk about the proximate causes of going down. I do not like this market. I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this year. Sincncthen this horrendous sell off in china. Its similar to the Destructive Force that descended upon our markets last august. Back then if you recall the fed was about to pull the trigger on rate hike but they thought now then theyre buying. They have chosen to make one input matter more than any other
Last shutdown because its an incredibly illuminating way to explain how more perfect the market has become in processing information. First some background. I got hired by Goldman Sacks a couple of years before gloria. I was an early riser getting into work early to find out how to help my clients and finding new clients. You didnt get much in the way of information. Wall street journal, new york times. This was before the web. So i used to go to times square at 9 30 p. M. The night before to get what was known as the bulldog edition of the new york time times. That give me enough time to scramble the jets and find out what deals were being done. The take yofrs were always in the bulldog edition. Once at work, i didnt have access to anything. Nothing that goldman sack maman didnt have we didnt have anything that was available before 7 00 a. M. An 8 30 meeting revealed what merchandise was for sale from overseas, but it was inconsequential to because most people didnt want to buy over t
Bollard Group LLC raised its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,692 shares of the railroad operator’s stock after buying an additional 67 shares during the period. […]
Taurus Asset Management LLC lessened its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,983 shares of the railroad operator’s stock after selling 653 shares during the quarter. Taurus Asset Management LLC’s […]