What To Watch Tomorrow With The Fed Statement
Pretty much everyone expects a fed rate hike tomorrow but what to watch for is what Yellen says in her last press conference. Will it be a hawkish rate hike or another dovish hike like what we saw this whole year? Chris Temple joins me today to outline what he is watching and what could change traders minds.
Click here to visit Chris’s site for more market and individual company commentary.
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Small double top in the works for the Dow? The Fed could make it so…
http://stockcharts.com/h-sc/ui?s=DIA&p=D&yr=1&mn=1&dy=11&id=p82422174013&a=540071516
Stocks are getting ready to underperform gold and the gold miners. DIA priced in GLD:
http://stockcharts.com/h-sc/ui?s=DIA%3AGLD&p=D&yr=1&mn=3&dy=0&id=p45547492987&a=555818142
DIA priced in GDX is very overbought:
http://stockcharts.com/h-sc/ui?s=DIA%3AGDX&p=D&yr=1&mn=0&dy=18&id=p65791033555&a=561197322
Well, your gooberment stole….er…sorry…collected a record in taxes!
But of course it is never enough…and you know it will only encourage them to spend even more…so get back to work, tax serfs.
When oil was $57 in April 2015, XOP was $55. Today it is at $35 with oil at the same level.
Statement on Cryptocurrencies and Initial Coin Offerings
SEC Chairman Jay Clayton
Dec. 11, 2017
The world’s social media platforms and financial markets are abuzz about cryptocurrencies and “initial coin offerings” (ICOs). There are tales of fortunes made and dreamed to be made. We are hearing the familiar refrain, “this time is different.”
The cryptocurrency and ICO markets have grown rapidly. These markets are local, national and international and include an ever-broadening range of products and participants. They also present investors and other market participants with many questions, some new and some old (but in a new form), including, to list just a few:
Is the product legal? Is it subject to regulation, including rules designed to protect investors? Does the product comply with those rules?
Is the offering legal? Are those offering the product licensed to do so?
Are the trading markets fair? Can prices on those markets be manipulated? Can I sell when I want to?
Are there substantial risks of theft or loss, including from hacking?
The answers to these and other important questions often require an in-depth analysis, and the answers will differ depending on many factors. This statement provides my general views on the cryptocurrency and ICO markets[1] and is directed principally to two groups: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11