Everything’s rallying after the Fed meeting
Yesterday, the Fed not only didn’t raise interest rates at its September meeting (a December increase gets odds of about 60%), but it also pointed toward interest rates rising more slowly in 2017 than projected in June. The Fed consensus now says two interest rate increases in 2017 rather than three. So the market got a present yesterday of lower rates for longer. Hence today’s rally
The S&P 500 has broken the top of the trading range at 2100; is the all time high at 2135 next?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...How big is the U.S.stock market’s earnings problem?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...There was a trend in the first quarter that ended today–volatility
Ah, yes, volatility. The S&P 500 was down 12% for the year by mid-February. The index finished the quarter up 0.9% (as of 2:30 p.m. New York time today) after a 6.9% rally in March. Global stocks were up 7.1% in March but finished the quarter down 0.3%. Shanghai stocks rose 12% in March to cut the loss for the year to a mere 15%
Comes a deluge of data in early April
In the first weeks of April investors and traders will get new data on jobs (April 1) and on the manufacturing and service sectors. After that we’ll get the start of earnings season and reports on retail sales
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Rally or trap? How long does the market run higher without a check?
Every bit of good news just makes it more likely that the market will raise the odds for an (following the December 2015 increase) interest rate increase in 2016. That’s a big deal since this rally has been fueled by a growing consensus that the Fed will raise rates only once more in 2016–late in the year–or maybe not at all until 2017.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...How far will this bounce stretch?
It would be a huge boost if the S&P 500 could manage to inch above the 1900 level. Just as important, it would be good for next week if the index didn’t give back most or all of its gains at the end of the session.
It’s make or break time for this rally: S&P nears 2021 high from September 17
The Standard & Poor’s 500, trading at 2015 at 1:30 p.m. on October 9, is within spitting distance of the 2020 level that marked the high point before a hefty decline ended the August and September rallies
A weak dollar drives this rally to Day 5
The cause of the rally is pretty simple: With the weaker than expected jobs numbers for September the market has adopted the view that the Federal Reserve won’t raise interest rates until March 2016 at the earliest. The possibility of an October interest rate increase is now almost completely off the table as far as the market is concerned
