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Monthly Archive: September 2014

Sep 18 2014

Fed takes 5 years to normalize balance sheet

Market Recap: The much anticipated FOMC report ended up being little changed from previous reports and forward guidance by the Fed remains constant. Generally speaking the Federal Reserve Open Market Committee acknowledged that the US economy continues to make progress and that growth is strengthening. However they also acknowledged that the unemployment picture continues to …

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Sep 17 2014

Near the flat line teetering

Market Recap: Stocks started the day in a similar manner as they did on Monday and Tuesday, near the flat line teetering into the negative before an announcement of a liquidity injection by the People’s Bank of China helped lift stocks by about ¾%. The S&P traded above 2,000 before closing just below the benchmark …

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Sep 16 2014

It’s all about the Fed

Market Recap: Stocks started and stayed in the Red for most of Monday as market participants worried about the implications of the Scottish Nationalist vote (voting to secede from the UK) and the upcoming FOMC meeting which kicks off on Tuesday morning. Market internals were a bit better than indexes indicated as 7 of the …

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Sep 12 2014

Data Is Coming Into Focus

Market Recap: It must be Ground Hog Day…. Stocks repeated Wednesday’s trading pattern on Thursday, starting the day lower before rebounding towards the end of the trading day to essentially close near flat. Sectors of the S&P were mostly higher, with Utility and Telecom shares outperforming, while healthcare stock underperformed. Commodities continued to weaken as …

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Sep 11 2014

Commodities Continued Their Pull-back

Market Recap: Stocks started Wednesday on a down tick and stayed in negative territory for most of the day before rebounding and closing up about ¼%. A rally in Apple shares appears to have been the leader in the change in sentiment on Wall Street, although we suspect the “Buy on (any) dip” attitude is …

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