By David Nelson, CFA CMT Tuesday November 24th the Dow Jones Industrial Average closed above 30,000 for the first time. That’s a long way from its first close of 40.94 May 26, 1896. Today’s Dow looks a lot different than the original 12 companies. Even General Electric (GE) was kicked out of the index in […]
Tag Archives: Federal Reserve
March
16
The Fed goes all in
posted by David Nelson, CFA
By David Nelson, CFA CMT At 5PM EST Sunday, in response to the spread of the Coronavirus the Federal Reserve announced they were cutting the Fed Funds rate to 0.00% – 0.25%. To keep financial conditions from tightening the Fed cut 100 basis points. After the worst week for markets since the Financial Crisis the […]
December
19
This week is all about the Fed
posted by David Nelson, CFA
David joins host Cheryl Casone at the start of the week to weigh in on the Fed
July
23
The only thing worse than an independent Fed
posted by David Nelson, CFA
By David Nelson, CFA After 18 months, in office no one should be surprised when President Trump takes to social media to weigh in on any number of taboo topics. He speaks in stream of consciousness weighing in on whatever is in his mind at the moment. The lack of editorial control has forced our […]
September
25
Fed Trek – The Great Unwind
posted by David Nelson, CFA
By David Nelson, CFA [These are the voyages of the Federal Reserve. Its five-year mission: to unwind a massive balance sheet, to seek out inflation and low unemployment, to boldly go where no man has gone before.] There was no shortage of news last week as the S&P 500 closed at another all-time high. Kim […]
September
19
Fed Decision on Deck
posted by David Nelson, CFA
Less than 50% of economists are expecting another hike this year. David says the focus of the September meeting will be the $4.5 Balance sheet.
October
24
The U.S. Dollar – Public Enemy #1
posted by David Nelson, CFA
By David Nelson, CFA A myriad of factors seem to be colliding forcing some of the world’s top strategists to the sidelines. The approaching election, a confused Fed and stretched valuations weigh on sentiment as the markets here continue to churn forcing investors to bounce from one sector to the next searching for the Holy […]
September
25
I’ve good news & bad news for investors – Which do you want first?
posted by David Nelson, CFA
By David Nelson, CFA I’ve got some good news and bad news. The good news is: stocks, bonds and gold exhibited high positive correlation last week all moving higher giving most investors something to cheer about after a rough start to the month. The bad news is: stocks, bonds and gold exhibited high positive correlation […]
September
02
Fed Hike for September is Off the Table
posted by David Nelson, CFA
Click on Picture for Full Video David joins the TheStreet’s Scott Gamm and Moody’s Analytics Chief Strategist John Lonski to discuss the August jobs report.
August
29
Fed Transparency – Clear as Mud
posted by David Nelson, CFA
By David Nelson, CFA Even the press are starting to refer to the Fed’s annual trek to Jackson Hole as little more than a circus. (Barron’s: Fed’s Jackson Hole Circus) I said in last week’s post the commentary will be about as clear as mud followed by a parade of Fed officials each expressing their […]
