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Brexit

UK Brexit-related assassination tanks Thursday gold trade

WASHINGTON, June 17, 2016 – It’s been one truly strange Wall Street week, as dueling narratives—federal government lies vs. political reality on the ground—are driving more traders to head for the exits this week. For the most part. Thursday’s trading action saw markets tanking big-time, until, bizarrely, the tragic assassination of Jo Cox, a pro-EU ...

Federal Reserve punts again on increasing interest rates

WASHINGTON, June 15, 2016 – The Federal Open Market Committee (FOMC) made its widely-expected non-proclamation Wednesday afternoon, announcing no interest rate increase for the month of June. On the other hand, this afternoon’s statement still strongly suggests that at least a pair of interest rate increases remain on the table for 2016. Maybe. Or maybe ...

Oil, Brexit, Orlando and Fed fears hit Tuesday trading hard

WASHINGTON, June 14, 2016 – Wall Street couldn’t wait ‘til the end of the week for its latest Freaky Friday. That’s happening today, as the market continues tormenting traders and investors alike with the kind of action that can only be compared to the Chinese water torture. (Is that phrase still politically correct?) Drip, drip, ...

Orlando, Brexit roil markets. Plus: Microsoft buys LinkedIn

WASHINGTON, June 13, 2016 –Stocks opened moderately down Monday with plenty of serious and still-breaking, market-moving news to absorb. As of 10:30 a.m. EDT, the Dow and S&P 500 were off a fraction, while the tech-heavy NASDAQ was off more sharply, down nearly 0.25 percent. The market was already rocked by Friday’s lousy close on ...

The ‘Brexit’ and interest rates: Black Swans on the horizon?

WASHINGTON, June 6, 2016 – Monday morning markets are off to the races, at least as of the noon hour. Today’s rocket fuel? Apparently upon re-thinking the issue, traders have decided that last week’s bad news on employment is good, meaning that companies can continue to use cheap, low interest-rate financing to buy back shares, ...

Hangzhou G-20 Summit: Any news to cheer Wall Street traders?

WASHINGTON, February 28, 2016 – Great expectations for some dramatic move to be announced at this weekend’s annual G-20 summit jacked U.S. stock market averages up considerably last week, despite the market’s Friday fizzle. But as of Sunday evening, EST, this year’s Hangzhou summit—held in China for the first time—seems likely to turn out like ...