The S&P is just shy of a new high. The issue is whether investors will be willing to push the markets into new high territory now that the Fed has indicated it will wait and see how the economy performs before cutting rates again.With the Fed finished, what’s next for the markets? What gets us to sustainable new highs? “The elephant in the room is trade and tariffs and that will dictate...
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The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher.The New York Federal Reserve said late Wednesday that it would inject another $75 billion into the market on Thursday to keep the federal funds rate within its target range. Short-term rates had earlier this week shot up as high as 10%, threatening to...
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U.S. markets were choppy throughout Monday’s action following drone strikes on an oil facility in Saudi Arabia over the weekend. The attacks, which the U.S. has blamed on Iran, hit key Saudi facilities, disrupting 5% of the global daily oil production.Despite the heightened geopolitical risks and the spike in oil, the major indexes held near-term support levels with the small-caps showing...
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U.S. markets were choppy throughout Monday’s action following drone strikes on an oil facility in Saudi Arabia over the weekend. The attacks, which the U.S. has blamed on Iran, hit key Saudi facilities, disrupting 5% of the global daily oil production.Despite the heightened geopolitical risks and the spike in oil, the major indexes held near-term support levels with the small-caps showing...
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