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Summertime, but nothing seems easy

 

After a couple of days of hand wringing, traders are now going with the notion that if the Fed raises rates in June or July, it may actually be good for the economy. Don’t put too much stock in that, however, because herd sentiment can turn quickly with one simple statement from the Fed. read more…

Markets Reset on Fed warning

 

warningThe markets fell and kept falling most of the week. Investors fear that at the Fed’s next open market committee meeting in June, Federal Reserve Bank Chairperson, Janet Yellen, will decide to raise interest rates again. read more…

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The Doha Dilemma

Will they or won’t they freeze oil production this weekend at the OPEC meeting in Doha, Qatar? All the main oil producers will show up. The direction of oil prices (and the markets) may hinge on the outcome. read more…

Have you had “The Talk” yet?

Whether you are a Baby Boomer or the child of one, it is about time you faced the music. We all know that life ends, no matter how hard we try to ignore it. Having a family meeting before it is too late may save all of you needless heartache and financial turmoil. read more…

Economy stronger, stocks weaker

oil and stocksInvestors can expect the stock market to carve out a new trading range over the next few weeks. The good news is that range will be higher than it has been all year. The bad news is that we should not expect a repeat performance of March. read more…

The Fed keeps traders on edge

It has only been a week since the last Fed meeting. Yet several members of the central bank are already contradicting the message their leader, Federal Reserve Bank Chairwoman Janet Yellen, delivered to the markets. read more…

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More

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