Market’s Spooked by Fed Rate Outlook

Stock indices ended the week lower with emerging markets and the Dow 30 Industrials posting substantial losses but the Nasdaq posting slight losses. The Federal Reserve met and updated its interest rate guidance.  Previously, the FED indicated it would keep rates near zero through 2023.  Now 11 out of 18 members on the FOMC committee […]

Stocks Mixed as Inflation Concerns Remain

Stock indices ended the week mixed with the Nasdaq 100 Index posting modest gains and emerging markets and the Dow 30 industrials posting modest losses. The Senate passed a $250BN bill on a bi-partisan basis to improve the U.S. competitiveness with China.  The bill focuses on technology research and development as well as boosting chip […]

Stocks Post Modest Gains on Mixed Economic Data

Stock indices had modest gains this week with emerging markets posting the largest gains.  Consumer spending increased, but durable goods orders fell.  Unemployment claims fell to a new pandemic low.  The Biden administration and Republicans have moved closer to an infrastructure deal but still remain far apart. Treasury yields fell with the 30-year bond yield […]

Thinking About, Thinking About

Stock indices ended the week mixed with developed foreign stocks posting modest gains and modest losses in the Dow Jones 30 Industrials. Stocks sold off Wednesday on weaker housing starts and the Federal Reserve’s April meeting minutes indicating that some FED officials want to discuss a plan to taper bond purchases in future meetings.  While […]

Ransomware and Inflation Fears

It was a wild week in the markets with a selloff Monday through Wednesday.  Wednesday saw an exceptionally large decline following a surprisingly large inflation number for April.  Despite a strong recovery on Thursday and Friday, major indices ended the week modestly lower.  Fed officials and most economists believe the spike in inflation is transitory […]