The Federal Reserve kept interest rates at near-zero on Wednesday once again. Rates have remained at record zero levels for the last seven years. This was the official line from the Federal Reserve press office:
I have not made it a habit to write many personal updates on this blog. After all, who really wants to read about what I had for dinner and what I got up to at the weekend? Well maybe you do. So here’s a quick round-up of what I’ve been up to.
As I predicted on Monday, the Federal Reserve kept interest rates on hold yesterday and this saw the US dollar drop against most of its major trading partners. The central bank cited low inflation and uncertainty abroad as the main reason to keep rates on hold and this has pushed market expectations for the first […]
Stock markets finished higher last week with the Dow Jones Industrial Average up just over 100 points and the benchmark indexes climbing around 2% in what was a shortened week thanks to the public holiday. This was one of the best weekly performances since March.
US stock markets climbed on Thursday as stimulus from Chinese policymakers helped put a stop to plunging Chinese shares.
Well after four days of solid gains, stock markets finished in the red again yesterday as the price of crude oil collapsed, dropping 2.4%. I have to admit I didn’t see oil falling as much as it has done. I’ve always been somewhat of a perma-bull when it comes to energy and the dwindling global […]
I just published an article on Seeking Alpha about one of the stocks in my portfolio; Alliance Resource Partners $ARLP. ARLP is an Eastern MLP coal company that has been able to raise it’s distribution every quarter since 2007. This coal stock has had an impressive rise since the financial crisis, gaining over 300%. However […]
Shiller CAPE may be elevated and volatility may be low but recent economic data has been improving. This is now pointing to above trend GDP growth in the third quarter, bouncing back from the Winter snap. July and August are usually quiet months for trading and there lacks a catalyst for a downward turn. As […]