Tag Archives: Fed

Your Weekly Market Blip 8/23/19

It was fast trading back and forth in the first couple hours of the day. Markets opened down, but quickly ticked up after Fed Chairman, Jerome Powell, said that the Fed is committed to sustaining the economic expansion. The Fed’s primary objective is to monitor inflation and unemployment, and with those numbers currently in line,…
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Your Monday Market Blip 12/24/18

Stocks continued to face selling pressure in a shortened pre-Christmas trading session. While CNBC noted that investors were “flocking to gold and cash”, IBD showed that trading volume was lower than a Prius in an underground parking garage as traders bolted for the Hamptons and a glass of eggnog to sooth the tortured soul. In…
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Your Wednesday Market Blip 12/13/17

Stocks continue to set record highs as tax reform and strong economic data fuel to flames of pecuniary emoluments. At the close the Dow was up 80 points at 24,585 on higher trading volume. The Federal Reserve upped its short term interest rates from 1% to 1.25% with a 2018 target of 2.1%. Banks followed…
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Your Tuesday Market Blip 12/12/17

Shares of Boeing pushed the Dow higher after the company announced a 20% dividend hike. Adding to upside pressure was a report from Bloomberg that Senate Republicans may have completed the tax bill reconciliation process. The Dow shot up like a 737 and hit a new high at 24,504 up 118 on heavy trade. The…
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