Weekly Wrap

Not the best of weeks for the equities, but with Friday’s limit down action in the futures it could have been much worse. The major indices were DJIA lost 5.3%, the Nasdaq lost 9.3% and the S&P 500 lost 6.8% for the week. For the year, the Nasdaq leads all with a whopping 41.5% loss

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Eureka! We have support?

Well, remember that screaming toddler (the equities market)? Instead of giving them the bag of candy (full point cut) they were given a handful (1/2 point). The problem is, that they ate that handful and it didn’t last and now they want more. It is highly doubtful that another cut would come before the Fed

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Fed between a rock and a hard place

The equities market wants an interest rate cut by the Fed and they want it yesterday. It was apparent that, much like a screaming toddler, the equities market was disappointed today because they didn’t get their way. The Fed, up to this point, has used about all their “tactics” to keep the market happy and

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