Oh No He Didn’t?! – Fed-Man is Talking Trash

Stocks got a reprieve last week thanks to an FOMC dot-plot indicating a lower and later Fed Funds Rate hike timeline. But it’s time for a reality check. The Fed is going to raise rates this year, and it very well might do it twice before Christmas. So, the celebration expressed in stocks should be short-lived as investors reevaluate the Fed forecast. Fed members are making speaking engagements now that the FOMC meeting quiet period is over, and what some are saying is unsavory for stocks. So, while we may enjoy some upside near-term, it looks like investors will be wise to second guess by mid-August. See more on the Fed speaker stirring concern. Article interests SPDR S&P 500 (NYSE: SPY), iPath S&P VIX (NYSE: VXX), Financial Select Sector SPDR (NYSE: XLF), Bank of America (NYSE: BAC), Citigroup (NYSE: C), J.P. Morgan Chase (NYSE: JPM).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Energy Sector Layoffs are Over

Evidence in data reported today seems to show the market free of a heavy burden. Announced corporate layoffs decreased in May from a much higher level in April. The data seems to indicate the damage to the energy industry and its ripples through various economies due to the sharp decrease in energy prices of the past year may finally be coming to an end. If my reading of the situation is correct, it would mark relief from a heavy burden on the overall economy and stocks. See my report on the energy sector. Article interests United States Oil (NYSE: USO), iPath S&P GSCI Oil (NYSE: OIL), Energy Select Sector SPDR (NYSE: XLE), SPDR S&P Oil & Gas E&Ps (NYSE: XOP) and Exxon Mobil (NYSE: XOM).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.