Will the Fed walk the hawkish talk?

On Tuesday last week (4 January), the markets got spooked by the released minutes of a Federal Reserve Open Market Committee's meeting held three weeks prior. What was the fuss all about? Well the minutes indicated that the Fed seems to be inclined to envision starting to prepare to begin planning to initiate raising interest … Continue reading Will the Fed walk the hawkish talk?

The one force moving stock prices and what it tells us about the future

(Originally written in November 2019) Back when I traded stocks in late 1990s, I had a gnawing suspicion that beyond the nonstop noise of the news flow, there was some force pushing the rising tide, but I couldn’t discern what it was. By today I think I worked it out. The most surprising thing about … Continue reading The one force moving stock prices and what it tells us about the future