The Latest Breaking News from Powell

Fed Chair Powell, in his semi-annual testimony to Congress earlier this week, reiterated the Fed’s hawkish theme that the Fed will likely need to push rates even higher to address the inflation threat. The FOMC, at its meeting last week, released its updated dot plot showing that the median forecast...

Doorsteps, window boxes and balconies are just as much gardens as large, green plots with fences. We should embrace them

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday fell -0.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -1.35%. U.S. stocks on Wednesday fell after Fed Chair Powell, in his semi-annual...

The dollar index (DXY00 ) on Wednesday fell -0.46% on bearish technical sentiment, with the dollar index knocking on the door of last week’s 5-week low. The forex market remains focused on monetary policy differentials, with the ECB and Bank of England continuing to raise interest rates while the Fed...

Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.08%. U.S. stocks are lower today after Fed Chair Powell,...

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.22%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.37%. U.S. stock index futures are mildly lower as the market remains cautious ahead of Fed Chair Powell’s semi-annual testimony later this morning before the House...

Time to get philosophical about the outlook for the market with the help of Occam’s Razor. This tool tells us to assume that the simplest explanation is the most likely. Now lets apply that to recent Fed statements for what that tells us about the next move for the stock…

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.72%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed down -0.09%. U.S. stocks fell back Tuesday on negative carryover from...