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Wall Street week ahead: Stock market pie fight to continue

WASHINGTON, May 3, 2015 – At this point in early May, anyone who’s even tried to predict the current direction of stocks in 2015 looks like the victim of one of those pie fights that were the comic highlight in many a Three Stooges film. No matter who starts the pie fight, everybody gets pied ...

FOMC report hits with a thud, and so do Wednesday markets

WASHINGTON, April 29, 2015 – As we predicted yesterday, Wednesday’s trading was unpredictable and weird leading up to the Federal Reserve Open Market Committee’s (FOMC’s) 2 p.m. meeting transcript release. The problem is, trading remained weird even after the report was made public, likely due to the fact that all the insiders who got the ...

Tuesday’s markets: Apple vs. Iran vs. the Fed

WASHINGTON, April 28, 2015 – Trading on Wall Street was down, sideways and up Tuesday morning as averages tried to parse news reports flying fast and thick across the political and investing landscape. Apple posted blowout earnings last night with the iPhone 6 the star of the day in terms of sales and profitability. Also ...

April stock action like bungee jumping in both directions

WASHINGTON, April 20, 2015 – Heading today’s article is a screen grab of our old pal and favorite stock market metaphor, Warner Brothers’ hapless cartoon character Wile E. Coyote. In this recent cartoon, Wile E. is attempting to catch the Roadrunner by bungee jumping off a high bridge while the intrepid bird consumes a pile ...

Are 2015 stock averages falling into a sinkhole?

WASHINGTON, March 26, 2015 – Nearly every time in the last five years or so when the Maven plans some time off, the stock market goes nuts, completely screwing up his itinerary. Mr. and Mrs. Maven were supposed to be on the road Wednesday for a week off in Cleveland, believe it or not. But ...

Tuesday stocks: Confusion reigns, markets go over the falls

WASHINGTON, March 24, 2015 – Stocks tried several times to rally Tuesday, after Monday’s big, last-second selloff, possibly caused by one or two big sellers dumping their portfolios wholesale and throwing the proverbial baby out with the proverbial bath water in the process. Market averages flirted with the green all morning before selling off modestly ...

Thursday’s markets: Stocks do penance for Wednesday’s rally

WASHINGTON, March 19, 2015 – After Wednesday’s massive surprise, stocks are back on the downslope Thursday. As of 2 p.m. EDT, the Dow (now including Apple [AAPL] and excluding AT&T [T]) is off 90-something points while the broader S&P 500 is down a modest plus or minus 8. Only the tech-heavy NASDAQ is doing its ...

The Fed remains dovish, stocks explode in giant rally

WASHINGTON, March 18, 2015 – We promised you a brief update in our earlier report today and here it is. In short, happy days are here again (maybe), as the Federal Reserve in its afternoon statement seems to be standing pat for now on the hyperventilating issue of increasing U.S. interest rates. This is great ...

High as a kite: Monday’s stock market action lying again?

WASHINGTON, March 16, 2015 – We got through the Ides of March without further Wall Street disasters, other than those that have already occurred during our wobbly first quarter, 2015. But this week’s trading might have a more wild and wooly outcome—one that, for all we know, may entirely depend on the quantity of adult ...

The Fed’s optimistic March 2015 ‘Beige Book’ report in detail

WASHINGTON, March 6, 2015 − Overall, this March’s Beige Book report was optimistic. Officially entitled “Summary of Commentary on Current Economic Conditions,” this widely read Federal Reserve Board publication is issued eight times a year in advance of Federal Open Market Committee (FOMC) meetings. Anecdotal information is included from each Federal Reserve district. Issued March ...

Fed’s Dudley huffs and puffs: Will he blow the market down?

WASHINGTON, February 27, 2015 – Although it seemed like a good idea at the time, former Fed Chair Ben Bernanke’s idea that the nation would be better off if Fed governors voiced their often disparate opinions in public has in many ways proved counterproductive over the year. Whereas once the Fed confidently spoke with a ...

Forget Apple [AAPL]. Stocks back in ‘Waiting for Godot’ mode

WASHINGTON, February 26, 2015 – As it did most of Wednesday, the stock market is thrashing about with no particular direction except moderately down Thursday. From Apple to Greece and beyond, there’s the usual mix of good and bad news that has markets totally confused and confusing. Volume remains low. Once again, trading action has ...

Fed dispatches Santa Claus from Macy’s to Wall Street

WASHINGTON, December 18, 2014 – What a difference a day—and a word—can make. Earlier this week, a 10% stock market correction seemed well underway. But Wednesday, as if by magic, the bulls returned with a vengeance. It was just this past Tuesday, December 16, that stocks, bonds, ETFs and mutual funds all seemed to have ...

Crude craters again, ruble routed, chaos reigns in stocks

WASHINGTON, December 16, 2014 – Last week’s stock market horror show, arguably kicked off by Saudi Arabia’s extreme oil aggression game, continued in Monday trading action on Wall Street with the Dow getting whacked another 100 points or so. But early last evening, futures indicated we’d likely be getting that oversold bounce rally we’ve been ...

Stocks wobbly Tuesday as markets await the Oracle of the Fed

WASHINGTON, November 19, 2014 – Markets were boringly down Tuesday morning on low volume as traders await the latest Fed pronouncement this afternoon. As always, they’ll be looking for that magic, soothing Bernanke-Yellen mantra “For a considerable period of time.” As in, how long will interest rates stay ridiculously low? Bulls, corporations that buy back ...