FOMC: Now What?

Anyone playing the “patient” drinking game while watching Powell’s press conference has quite a hangover this morning.  To no one’s surprise, the FOMC statement and Powell’s comments were dovish. The algos were quite pleased, rewarding the Fed’s awareness that inflation is no longer a problem.  In the wake of the oil and gas crash, the … continue reading →

Manipulation is Nothing New

Yesterday, former SEC attorney Teresa Goody joined those calling for an investigation into the market action on December 24. It was hardly the biggest move we’ve seen over the past year. But, it resulted in new lows that ruffled a few feathers. Click the image to watch the interview, or just keep reading. Goody: …when … continue reading →