The same old song

Investors have been waiting all year for that illusive interest rate hike promised by our central bank. September proved to be another false start. Once again, markets rallied on the news, the dollar fell, and investors were happy. So what’s new? As we have written so...

Much ado about nothing

It has been a volatile week in the markets. The averages have rocketed up and down by a percent or more as traders bet for and against a Fed move on interest rates next week. Does it matter? If you aren’t tired after more than two years of reading what the Fed may or...

Markets get back to business

Since Labor Day marked the end of summer for Wall Street, the big guys came back to work and evidently did not like what they saw. As this week comes to a close, all three indexes suffered losses. Friday’s downturn could be attributed to North Korea, the rogue state...

A tale of two interest rates

Ahead of the Labor Day weekend, investors had little to do but bet on how strong or weak the unemployment number would be. It turned out to be weaker than expected and the markets rallied. Yes, we are once again in a ‘bad news is good news’ environment.’ Weaker...

The Hawks return

  It was one of those weeks that would have been well spent on the beach. The weather was nice, the water warm, and the stock market went nowhere. Welcome to the dog days of summer. Actually, I did spend most of the week visiting with clients on Cape Cod. Most of...

Fedspeak occupies a dull market

It is late summer and a time when the rumor mills work overtime. Financial news departments, confronted with a paucity of breaking news, are desperate to publish “informed opinions” and comments from any public or private sector big name they can find. This week a...