Posts Tagged ‘federal reserve’
February 24th, 2010
(Michael Schwartz) - The Reuters/University of Michigan consumer sentiment preliminary index for February that was reported last week declined slightly from the late January number and it was lower than expected as consumers continued to fret over unemployment. The index is now down 24% from January 2007, according to data from the St. Louis Federal Reserve. Ironically, when consumers are glum, that could be good news for the financial markets.
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Tags: asset prices, consumer confidence, consumer sentiment index, contrarian indicator, counterintuitive, easy money, federal reserve, financial markets, financial securities, interplay, investment strategy, kenneth fisher, meir statman, michigan consumer sentiment, reuters, stock returns, trillions, u s stock market, university of michigan consumer sentiment, worldwide economy
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August 25th, 2009
(Lee Siler) - Stock futures jump pre-market as President Obama re-nominates Fed Chairman Ben Bernanke to a second four-year term. Of course, Bernanke's appointment will have to be confirmed by congress, which is a likely scenario. I think it would be disastrous to change the head of the Federal Reserve in the midst of and economic recovery as complicated as this one.
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Tags: appointment, confidence numbers, congress, consumer confidence, economic recovery, fed chairman, federal reserve, investors, midst, month of july, obama, pre market, reuters, stock futures, thomson
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| Posted in News and Opinion |
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July 16th, 2009
(Lee Siler) - The market had one of the best days of the year on brisk trading. Earnings news is adding fuel to this market and this morning JP Morgan Chase is the accelerant. The company announced that strength in their core consumer business and investment banking offset a jump in credit losses. Earnings were 28 cents a share versus estimates of only 4 cents. However, revenues fell slightly short of expectations. JPM is traded up almost 4.5% yesterday.
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Tags: accelerant, consumer business, core consumer, credit losses, days of the year, earnings news, economy, estimates, federal reserve, gdp, gdp forecast, investment banking, J.P. Morgan Chase, job, jp morgan, legs, rally, recession, stocks, woes
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June 25th, 2009
(Lee Siler) - As the market continued to lack direction, the Federal Reserve announced that interest rates would be left alone for the foreseeable future. With the economy still at risk of a more significant downturn, monetary policy will remain status quot.
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Tags: commerce department, current market, downside, downturn, economic data, economists, economy, federal reserve, first quarter, foreseeable future, gross domestic product, interest rates, jobless claims, labor department, monetary policy, pace, risk, stocks, unemployment rate
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| Posted in News and Opinion |
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June 11th, 2009
(Lee Siler) - Stocks traded lower on the day, but the damage could've been much worse. Investors were concerned about the lack of interest in the U.S. Treasury auction. The government's ability to sell Treasury's is paramount to fund our national spending. These auctions have put pressure on the bonds and hence, have seen yields soar over the past month.
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Tags: beige book, bonds, business activity, dow jones, dow jones industrial, downward trend, federal reserve, lack of interest, losses, moving average, rally, resistance levels, retail sales, sidelines, stock futures, substantial improvement, survey found that, treasury auction, u s treasury, unemployment
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