In a surprise move last week, the U.S. Federal Reserve did what investors had been anticipating for months. The Fed announced that in January it would scale back its monthly bond purchase program to $75 billion from $85 billion. In sharp contrast to early fears that the Fed would remove support too quickly, investors responded… Continue reading After the Early Christmas Gift, What’s Next?
Tag: Taper
The Deafening Ticks of the Taper Clock
We have been saying for the last several months that our biggest concern that could create a pullback in the market is the beginning of the Fed Taper. This is exactly what we have been seeing over the last few weeks as better economic data has increased the probability that the Fed will taper sooner… Continue reading The Deafening Ticks of the Taper Clock
Tailwinds
In life we deal with opposites and opposing forces every day, hot/cold, positive/negative and so on. In the financial markets it is much the same. Global activity is poised to benefit from strengthened balance sheets in developed markets, less uncertainty and lower inflation. On one opposite end stands the Fed. If growth and hiring continue… Continue reading Tailwinds
Madness Maneuvered as Markets Continue Ascent
There is little evidence that the fiscal follies of Sept./Oct. have slowed the US economy. We believe growth is likely to pick up to a 3-3½% pace in 2014, for three main reasons: The decline in federal spending is likely to slow sharply. We expect a meaningful acceleration in consumer spending. We expect capital spending… Continue reading Madness Maneuvered as Markets Continue Ascent
Market Re-Cap for 9/16 – 9/20
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
Greg Sarian on CNBC’s Closing Bell Talks Fed Taper
Sarian Group Managing Director, Greg Sarian, spoke to CNBC Closing Bell host Maria Bartiromo about the Fed’s Decision to Taper
The Stock Market Hates Uncertainty- What is Next?
Despite continued geopolitical tensions regarding the Syrian conflict, global markets advanced last week and are showing signs of optimism today given positive corporate news and tepid signs of continued economic recovery. Friday’s lackluster employment report, with unemployment dropping a tick to 7.3%, caused concern due to the fact that many Americans have stopped looking for… Continue reading The Stock Market Hates Uncertainty- What is Next?
Market Perspective Report
Fed tapering remains the big topic and our consensus is that some tapering is already built into both the equity and fixed income markets at this point. We expect the amount of tapering will be greatly impacted by this Fridays job number. A light number in the 125,000 range, may translate to a slower tapering… Continue reading Market Perspective Report