- SPYForbes•4 hours ago
The Fed's Janet Yellen was the focal point for markets this past week. She had a scheduled speech at the annual Fed conference at Jackson Hole. When her speech was finally made public Friday morning, the response in markets was uncertainty (the most used word for the past nine years). Stocks went up,
- GDXMarketWatch•5 hours ago
The prominent author of Grant’s Interest Rate Observer sounds like a lot like many permabears roaming this yield-parched world.
- GDXForbes•6 hours ago
The stock market moved sideways for most of last week with the heaviest selling on Wednesday. Finally on Friday we got Janet Yellen's long awaited comments from Jackson Hole where she said "the case for raising rates has strengthened in recent months." This did little to change the already low expectations for a rate hike in September but then Fed Vice Chairman Stanley Fischer hinted on CNBC that a rate hike was still possible next month. The S&P futures reversed course on his comments as the futures dropped 20 points. This increases the focus on the September 20-21 FOMC meeting which ...