April 10, 2017

Former Fed Chairman Alan Greenspan made headlines on 12/05/96 when he delivered his famous "irrational exuberance" speech.  Greenspan's comments, directed at what he believed to be unrealistic stock values, proved to be premature as the S&P 500's bull market run…

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March 20, 2017

The Federal Reserve raised short-term interest rates last week, giving the nation's central bank one rate hike in each of the last 3 calendar years (2015-16-17).  Fed Chair Yellen's post-meeting statement suggested that 2 more rate bumps are likely throughout…

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March 13, 2017

The price of crude oil fell 9% last week (to $48.49 a barrel), its lowest level since OPEC announced a production cut in late November 2016.  In anticipation of reduced oil supply (OPEC's plan was for a pullback of 1.8…

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March 6, 2017

It has been just 6 weeks since Donald J. Trump was inaugurated as the # 45 President of the United States.  Stock investors, buoyed by Washington talk of lower corporate taxes and a cutback of regulatory speed bumps, have pushed…

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February 27, 2017

The S&P 500 continued its hot streak last week, closing at yet another all-time closing high on Friday (2/24/17), the 3rd consecutive trading week that has ended with a record close.  With 2 trading days remaining in February, the index…

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February 21, 2017

On 2/20/16 (i.e., 1-year ago), the price of oil was $29.64 a barrel (down 41% in 1-year) and the number of operating oil rigs in America was 514 (down 61% in 1-year), both numbers the result of a massive glut…

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February 13, 2017

Central banks in both the USA and Europe went on massive "print-and-purchase" programs designed to kick-start their ailing economies following the onset of the 2008 global recession.  Now 8 ½ years removed from the beginning of "quantitative easing," the unwinding…

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February 6, 2017

US employers hired a net +227,000 new workers in January 2017 (i.e., new hires less voluntary and involuntary terminations), +50,000 more than expected.  The hiring total was the 76th consecutive month of gains in the number of American workers nationwide. …

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January 30, 2017

Taking charge during his first full week in the White House, President Donald Trump made good on his "America-first" campaign promise to withdraw the United States from negotiations for the 12-nation Trans-Pacific Partnership.  Comments from the White House regarding trade,…

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January 23, 2017

Donald J. Trump became the 45th President of the United States last Friday 1/20/17.  Trump's inauguration address sounded much like the stump speech that he gave daily during the rough-and-tumble 2016 campaign.  The 70-year old promised once again to put…

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