Last week, the Fed surprised most market participants by deciding not to announce a taper during their September meeting. The Federal Open Market Committee statement, updated projections, and tone of Chairman Bernanke’s press conference all were dovish*. In the short run, the Fed’s continued bond buying is positive for stocks and will also likely push… Continue reading Market Re-Cap for 9/16 – 9/20
Tag: Market Re-Cap
Market Re-Cap for August 26-30th, 2013
Stocks came under solid pressure this past week to close out a negative August across equities. Sentiment was exacerbated by concerns about a potential US-led military response on Syria for President Assad’s alleged use of chemical weapons on the Syrian people and crude oil and gold prices continuing to rise. In the near term, we… Continue reading Market Re-Cap for August 26-30th, 2013