FED on hold through 2020

This week was jam packed with news events of important economic consequence.  The UK election results and the US-China Phase One trade deal grabbed all the attention; but I think the real event was the Federal Reserve’s policy comment. Jerome Powell signaled that interest rates should remain on hold through at least 2020.  He specificallyContinue reading “FED on hold through 2020”

THANKFUL for the Federal Reserve

During this season of thanksgiving, I’d like to publicly acknowledge my gratitude for the Federal Reserve. I know the FED has its haters and detractors, but I’m not one of them.  Of all the government and quasi-government institutions, I hate the Federal Reserve the least.  In fact, my admiration for the FED is even greaterContinue reading “THANKFUL for the Federal Reserve”

Markets set new record highs…how long can this last?

NOTE:  DFW Wealthsteading Meetup scheduled for 11/10/2019 is CANCELLED…I’ve come down with the flu and can’t travel this week.  Markets continue to set record highs and the number one question I’m being asked is, “How long can this last?” Although I think the S&P 500 is getting a little over extended, I’m currently holding myContinue reading “Markets set new record highs…how long can this last?”

No Rate Cut- so what?

Early this past week, the S&P500 dipped as pathologic fear spread that the Federal Reserve might hold interest rates steady, rather than cutting the benchmark federal funds rate. I don’t think this headline anxiety is warranted, primarily because I don’t believe that a rate cut was ever in play.  The cause for the rate cutContinue reading “No Rate Cut- so what?”

S&P500 down 2.5% year-to-date

The S&P500 is down 2.5% year-to-date and has lost support at all the key levels- 50, 100 & 200dma.  Is the global secular slowdown finally effecting the US stock market or is this simply another temporary meltdown ahead of the FOMC meeting?  (Whereby the markets shoot up after the Fed postpones a rate hike.) IContinue reading “S&P500 down 2.5% year-to-date”