DIASTOLE ECONOMIC AND MARKET COMMENT

Last week the Federal Reserve Open Market Committee did exactly what 90% of Fed watchers were expecting and lowered interest rates by 25 basis points (1/4 of 1%). The Fed-funds rate now stands at 3.50% to 3.75%. But it was something ELSE that the Fed announced that...

DIASTOLE ECONOMIC AND MARKET COMMENT

Apparently, no matter how often Fed week comes, I still get excited about it. We will see and hear the Federal Reserve Open Market Committee report on Wednesday afternoon, and for the first time in a long time, we don’t have clear guidance about what is going to...

DIASTOLE ECONOMIC AND MARKET COMMENT

Soon we will enter that awkward period in which we try to remember to write the new year in dates. For me, this lasts roughly from January 1st to sometime in June. But that’s just sneak-peeking at next year, while we’re supposed to be looking at last week. In case you...

DIASTOLE ECONOMIC AND MARKET COMMENT

The only Thanksgiving song that I know is “Over the River and Through the Woods”, and I need to bone up on the lyrics. There ought to be a song about “Turkey Coming”. Maybe to the tune of “Eli’s Coming” or “The Wells Fargo Wagon”? But I digress. It’s really the pie...

DIASTOLE ECONOMIC AND MARKET COMMENT

So, the government reopened, but not in time for us to get October jobs numbers. September’s jobs report may still be released but who knows when and whether it will be complete. Wouldn’t it be funny if the whole point of the shutdown was to hide bad jobs numbers? No....

DIASTOLE ECONOMIC AND MARKET COMMENT

Stock prices fell last week, led by the tech-heavy NASDAQ. Sellers were listening to Goldman Sachs’ CEO David Solomon, who said, “It’s likely there’ll be a 10% to 20% drawdown in equity markets sometime in the next 12 to 24 months.” It’s pretty safe to say that at ANY...