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Monday, October 3, 2011 - 9:39am
How to Take Advantage of a Market Anomaly Today
Last week, we got data from the Chicago Purchasing Manager's Index (PMI), and it beat handily, coming in at 60.4, versus expectations of 55.0. Historically, there has been a 90% correlation between PMI and ISM data, which is due out at 10:00 a.m. Expectations are for 50.5. Last month saw a...
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Friday, September 30, 2011 - 11:47am
Do We Need More QE?
St. Louis Federal Reserve President James Bullard is making some comments that are crossing the wires, and surprisingly, he is talking about the potential for more quantitative easing, despite the fact that Operation Twist has not even started yet. The initial reaction to Operation Twist is...
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Precursor For QE3?
Friday, May 6, 2011 - 12:32pmDid James Bullard just open the door for a potential QE3? The St. Louis Fed President said today that the Federal Reserve should keep interest rates on hold for some time after the end of QE2, to see how the economy has been affected by it. "This gives the committee more time to assess economic...
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