$94.00
-0.240 (-0.255%)
At Close: Jun 03, 2026
Rationalization: Low Rates Justify High Valuations
01:23am, Wednesday, 02'nd Sep 2020
The basic premise of the interest rate/valuation argument has its roots in the Fed Model, which states that when the earnings yield on stocks is higher than the Treasury yield, you invest in stocks, a
Fed's Gonna Let The Economy Run 'Hot, Hot, Hot'
09:26pm, Tuesday, 01'st Sep 2020
Forward guidance will be an integral policy tool going forward in order to try and manage expectations and hopefully, volatility as well.
A Tale Of Three Trends (Technically Speaking For 9/1)
05:19pm, Tuesday, 01'st Sep 2020
Federal Reserve Vice President Clarida added further clarification to the new Federal Reserve inflation and employment regime.
Post-Jackson Hole, The Average Inflation Paradigm And Its Relevance For Stocks
09:51am, Tuesday, 01'st Sep 2020
The S&P 500 and equity markets have underpriced the major paradigm shift in The Federal Reserve’s thinking.
The Fed's Footprints Are All Over The Financial Markets
07:28am, Tuesday, 01'st Sep 2020
Over the past five months, there has been no evidence of capital flight to the US. A large rise in the expected inflation rate in parallel with a flat nominal interest rate equates to a large decline
Shifting Conditions In The Market - Weekly Market Notes August 31, 2020
06:30am, Tuesday, 01'st Sep 2020
The major indexes rallied for the fourth straight week with the S&P 500 and NASDAQ gaining more than 3.0% last week.
July Income And Consumption
01:55am, Tuesday, 01'st Sep 2020
Consumption is almost to the nadir of the Great Financial Crisis. We still have a long way to go.
End-Of-The-Day Sell-Offs Are Never Good (Technically Speaking For 8/31)
05:39pm, Monday, 31'st Aug 2020
There was a large net outflow from the SPY and QQQ last week. Don't be worried about the dollar's drop.
3 Reasons The Economic Recovery Will Be Long And Slow
01:51pm, Monday, 31'st Aug 2020
Recently, the Federal Reserve confirmed a widely expected shift in monetary policy that will result in near-zero interest rates for the foreseeable future.
Higher Inflation From The Fed's New Strategy - And More Business Cycles
08:32am, Monday, 31'st Aug 2020
The Fed's new strategy statement will likely result in higher inflation and more volatile inflation. The higher inflation is welcome, at least by the Fed.
The Virus, The Elections, And The Fed
08:13am, Monday, 31'st Aug 2020
The Federal Reserve's recent decision to adopt a radical change in its policy focus. Equity prices are making new all-time highs and interest rates are marking all-time lows.
Month-End Gyrations And The Fed's Ad Hocery
08:03am, Monday, 31'st Aug 2020
Markets are searching for direction at month-end. The dollar is mostly higher, though the Norwegian krone and Canadian dollar are resisting the tug.
Falling Down The Jackson Hole
07:58am, Monday, 31'st Aug 2020
A Pyrrhic victory for stocks. The Fed delivers more of the same at Jackson Hole.
Seriously, This Isn't Difficult
12:11pm, Sunday, 30'th Aug 2020
The lower rates go, and the longer they stay lower, the more they signal lack of faith in the Federal Reserve to change the situation.
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