Last week I predicted that the major theme for the week would focus on whether rising interest rates would kill the stock market rally. That was reasonably accurate, since the interest rate story was on the front burner during the wild Wednesday announcement of the FOMC minutes and also in the discussion of the disappointing […]
Last week I predicted that the major theme for the week would focus on whether or not to book profits for the year – especially given the test of 1700 in the S&P 500. That turned out to be pretty accurate, and it may have some staying power this week as well. The reaction to […]
In last week's WTWA I predicted a snoozefest, and that was pretty accurate. I also wrote, "Because column inches and air time must be filled whether there is real news or not, I expect a week laden with speculation about tapering, who will become the new Fed chair, and whether economic data warn of a […]
In last week's prediction for the week ahead I guessed that it was time for action. That was an accurate guess for the bountiful news flow, but not so much for the markets. We had some significant intra-day swings, but the reports had an offsetting effect. Those who were not following the daily news might […]
In last week's prediction for the week ahead I guessed that it would be "all about earnings. From a market perspective that was mostly accurate despite some competing stories: charges against SAC Capital, fresh speculation about the new Fed Chair, and the arrival of Prince George. This week will be quite different with three distinct […]