Al Goldman
Al Goldman
fed meeting raise rates
We do not think the Fed will raise rates at their meeting at the end of this month.
came close fed hikes rate saying
What they like is that the Fed came close to saying that the rate hikes are over.
appears bond concern excuse fed financial hike increased investment nervous predicting rates three
We have a very nervous investment environment. The excuse is bond rates are up and there is increased concern about the financial futures market, which appears to be predicting three more rate hike for the Fed funds.
business control fed reason
And the Fed is in business for one reason only, and that is to try and control inflation.
bit certain fed further future less policy rate saying
The Fed sounded a bit less certain about the need for future rate hikes, saying further policy firming 'may' be needed.
dramatic fed move today
The Fed made a dramatic move today and it was needed,
although chance cut dramatic fed january move surprise today
It was a surprise although we thought it was a 50-50 chance the Fed would cut before the January meeting. The Fed made a dramatic move today and it was needed. The Fed is now our friend.
close ending far fed hike news rate support today
The news so far today would support those who think the Fed is not close to ending its rate hike cycle.
federal increase interest rates report reserve sign
The report was a sign that the Federal Reserve may not need to increase interest rates as high.
behind concern created employment falling fed funds impetus jobs labor less main market maybe points rate selling stop though tight
The main impetus behind the selling was the employment figures. Even though we created 193,000 new jobs, which was less than consensus, the unemployment rate falling to 4.7% points out that the labor market is very tight and this has conjured up concern the Fed may not stop at 4.75% on Fed funds but maybe it will go up to 5%.
beyond fed looks market mechanism months mood shook supportive therapy willing yesterday
The market is a discounting mechanism and typically looks six-to-nine months ahead. But now everyone is so shook up they're not willing to look beyond the end of their nose. What we need is a mood shift, and they (investors) got no supportive therapy from the Fed yesterday (Tuesday).
basically believe degree favor fed good hates interest market next odds raise rates summer unless
The market hates surprises. But we believe the odds substantially favor that the Fed will not raise interest rates next week, and that the market will take that as some degree of relief, unless they say something nasty. But basically we think we're into a good summer rally.
companies room selling
When you get disappointments on companies that are selling at 60, 80, 100 times earnings, you get more room to fall.
age-and-aging bull defensive economies growth markets putting start stocks
When bull markets and economies start putting on some age, the bigger-name defensive growth stocks get more attention.