April 5, 2017 | Daily JAM, Morning Briefing, Short Term |
What the financial markets fastened on in the minutes from the Federal Reserve’s March minutes, released this afternoon, was a indication that the Fed would start to shrink its $4.5 trillion balance sheet of Treasuries and mortgage-backed securities later in 2017.
March 30, 2017 | Daily JAM, Morning Briefing |
“If current laws generally remained unchanged, the Congressional Budget Office projects, growing budget deficits would boost that debt sharply over the next 30 years; it would reach 150% of GDP in 2047.”
March 18, 2017 | Uncategorized |
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March 17, 2017 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
Today Friday March 17, the financial markets have moved to the other end of the dial from its pre-meeting worries. Markets have decided that the Fed’s comments indicate that Janet Yellen & Co. are very dovish on inflation and interest rates.At the close of trading on Thursday the 10-year Treasury had dropped to 2.53%, that’s below the peak this week of 2.63%. Today the yield dropped further to 2.50%
March 16, 2017 | Daily JAM, Morning Briefing |
The jump in the price of gold and the even huger spike in the prices of gold mining stocks tells us something really important about how the financial markets see the Federal Reserve’s action and rhetoric on Wednesday, March 15. Gold for April delivery climbed 2% in New York after the Fed raised its short-term benchmark interest rate by 25 basis points. The VanEck Vector Gold Miners ETF (GDX) roared ahead 7.69%
March 15, 2017 | Daily JAM, Volatility |
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March 13, 2017 | Daily JAM, Mid Term, Volatility, You Might Have Missed |
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March 13, 2017 | Daily JAM, Morning Briefing, Short Term |
Now that the Federal Reserve has convinced the markets that it will act to raise interest rates on Wednesday–odds of a 25 basis point interest rate increase on March 15 climbed to 95.2% today from 88.6% on Friday, Wall Street is starting to entertain the possibility of four interest rate increases in 2017. Odds of a four increase 2017 have climbed to 25% from just 12% at the end of the January.
March 11, 2017 | Uncategorized |
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March 10, 2017 | Daily JAM, Friday Trick or Trend |
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March 10, 2017 | Daily JAM, Morning Briefing |
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March 7, 2017 | Daily JAM, VIX |
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