Posts with tag powell

What am I missing??

Bob Rinear, February 24 2021

So, from up here in the cheap seats, it seems to me that Amazon and other major companies have the scale and scope to work out insanely cheap rates with UPS, so they can offer “free shipping,” while the “retail” guy gets to make up for all the money they’re losing on Amazon.

Read More

They Unleashed the Bullard

Bob Rinear, March 6 2021

Most of you probably know what this past week was like in market land. Enormous swings up and down. The NASDAQ losing 2K points from its high just 14 sessions ago. Entire indexes giving up all their 2021 gains.

Shortly after the open on Friday, things went south again. The NASDAQ peeled off another 350 points, the DOW plunged red by another 200+ the S&P was blood red by 40. It was another slaughter day. Until….

Read More

BUSINESSES WORRIED ABOUT COVID RISK Ready for QE to Go and for Powell to Stay

Guest Writer, August 25 2021

As we know, sentiment — of investors, traders and plain ole households — can drive the day-to-day direction of markets as the players react to the headlines and other events.

According to Charles Schwab’s latest Active Trader Pulse survey, the pandemic is once again the leading risk factor among traders.

Read More

AS POWELL TESTIFIES, ANALYSTS WONDER IF SANCTIONS SUGGEST RESURGENCE OF THE DOLLAR

Guest Writer, March 5 2022

Fed Chair Jerome Powell told Congress on Wednesday that he supports a quarter-percent increase in the Fed’s benchmark short-term interest rate when the Fed meets in less than two weeks.

Powell did open the door to a bigger hike, like the half-percent increase called for by most of his colleagues, but only if inflation doesn’t noticeably decline this year—as the Fed expects it to.

Most other Fed officials have vocally supported a 25-basis point rise.

Read More

The Powell Doth Speak

Bob Rinear, August 27 2022

And oh what a week it’s been.  Let’s go back to last week for a minute. Last Tuesday the market capped off a blistering to week run, by having the S&P run “smack dab” into its 200 day moving average. Now a lot of people will tell you that the 50 and 200 day moving averages don’t carry as much weight as they used to, but they still carry some clout.

When the S&P hit that 200 day, that whole two week climb came to a screeching halt and we started heading down a bit, but nothing major. Until Friday. Friday the wheels fell off and we plunged. That carried into Monday of this week as the market puked for another big drop. Tuesday and Wednesday the market sort of “ran in place” trying to figure out if they had over reacted on the big sell down.

Meanwhile over in Wyoming at the Jackson Hole economic meeting, all the movers and shakers were talking about the economy, inflation, and interest rates. Despite several fed heads telling folks that they think rates must go higher, most of the talking heads began to tell folks that it seemed the Fed might only do a 50 basis point hike at its next meeting.  (Hogwash, you’ll see why)

Read More

5 posts with tag powell online