This week the European Central Bank President (Draghi) signaled what we had been anticipating for quite some time. He stated at a banking conference on Friday, the ECB would “do what we must to raise inflation and inflation expectations as fast as possible.”[i]
It's no… More >>
The Q3 earnings season ended with a report from Walmart last week. When we kicked this season off, expectations were very low but gradually improved.
S&P 500 companies were expected to grow earnings by 1.3% at the launch of the season and they produced a whopping… More >>
With the Republican sweep of the midterm elections in the rear view mirror and both houses of Congress now in clear control by Republicans, markets may view this landslide in very favorable terms. First, most midterm elections have produced very positive short-run results… More >>
As expected, the Federal Reserve confirmed last week that it would end its QE3 bond-buying program. The Fed still holds over $4.4 trillion in assets that it has purchased over the last six years, but will no longer provide additional stimulus to the economy.[i] When… More >>