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As expected, the Federal Reserve did not change monetary policy today. The Fed Funds rate remains the same 4.25% to 4.50% and the Fed Chair emphasized in
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The situation in Iran is certainly the main driver of market direction at the moment, but while all that is happening, we still continue with business as
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While the markets try to handicap the Israeli/Iranian conflict, the Fed has an FOMC meeting this week. We will get the Fed statement and the Fed Chair’s
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Given the headlines overnight it wasn’t a surprise that stocks were down and oil prices were up for the trading session. It’s also not a surprise that
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It was a somewhat quiet trading session, but the bulls were able to squeak out small gains in the market averages. This morning’s PPI number was
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A benign CPI number and reports of a trade deal with the Chinese helped stocks get off to a good start this morning. But as the trading session wore on
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Stocks were quietly higher as market participants are hopeful that tomorrow’s CPI inflation number will be benign thus giving the Fed a clearer path to
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A better than expected jobs number and silence from the President and Elon Musk helped fuel a nice rally in stocks today. The market averages moved
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While the President and Elon Musk duke it out on social media (who could’ve seen this coming?) stocks gave up early gains and drifted lower into the
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Economic data continues to be all over the place with today’s ADP private payroll number much weaker than expected. On the other hand, last week’s jobs
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It was a wild ride for market participants on this last trading day of May. Headlines were coming at us at breakneck speed. On the economic front, the
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Both stocks and bonds were all over the place today as trade policy confusion clouds the waters. Market participants liked Nvidia’s results released