Stock Market Advance Faces Stiff Challenge from Janet Yellen Later Today

Stocks were indicating a sharply higher start for Wednesday, which marks the close of September and the calendar quarter. However, an afternoon address by Fed Chair Yellen threatens to remind us of one of our greatest stumbling blocks. I look for equities to possibly lose some of their apparent confidence as we approach the close of the day and anticipate further worrisome issues to follow. See today's report on the stock market here.

Sector Security	09-30-15 Premarket
SPDR S&P 500 (NYSE: SPY)	+1.3%
SPDR Dow Jones (NYSE: DIA)	+1.3%
PowerShares QQQ (Nasdaq: QQQ)	+1.5%
iShares Russell 2000 (NYSE: IWM)	+1.1%
WisdomTree Europe Hedged Equity (NYSE: HEDJ)	+2.2%
iShares China Large Cap (NYSE: FXI)	+2.3%
iPath S&P 500 VIX (NYSE: VXX)	-4.8%
iShares Nasdaq Biotechnology (NYSE: IBB)	+2.5%
Energy Select Sector SPDR (NYSE: XLE)	+1.2%
Financial Select Sector SPDR (NYSE: XLF)	+0.0%
Technology Select Sector SPDR (NYSE: XLK)	-0.03%

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.

Dudley Did Us in on Monday

New York Federal Reserve President William Dudley was the voice of reason during the early days of the market correction. His voicing of concern about global economic issues and market volatility served to stabilize stocks in August. However, on Monday he sounded a little different. In his interview with the Wall Street Journal Dudley shared his expectation that a Fed rate hike will likely still occur sometime this year. The market environment is just not conducive to that kind of talk at the moment, and so I believe the statement played a critical role in further destabilizing stocks. See the full report on Dudley's impact.

Sector Security	Tuesday 09-29-15
SPDR S&P 500 (NYSE: SPY)	+0.04%
SPDR Dow Jones (NYSE: DIA)	+0.3%
PowerShares QQQ (Nasdaq: QQQ)	-0.4%
iShares Russell 2000 (NYSE: IWM)	-0.7%
Vanguard Total Stock Market (NYSE: VTI)	-0.05%
WisdomTree Europe Hedged Equity (NYSE: HEDJ)	+0.4%
iShares China Large Cap (NYSE: FXI)	-0.1%
iPath S&P 500 VIX (NYSE: VXX)	+0.1%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+0.6%
SPDR Gold Trust (NYSE: GLD)	-0.4%

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.

When Stocks Should Turn Higher

Investors were a bit confused by the immediate action in stocks after the Fed meeting last week. Most financial media I watched since has only made matters worse by misinterpreting the catalyst behind the market’s reversal after it marked intraday highs last Thursday. Now, based on statements of the Fed Chair and other Fed members, it appears the Fed itself may be confused as to how markets perceive its actions. Friends, stocks are not burdened today by the fact that the Fed did not raise interest rates, but rather by their leaving October on the table and indicating a rate hike could occur at almost any moment. As a result, uncertainty remains for this market until the next Fed meeting in October. Between then and now, we should expect to see volatility exacerbated by a likely shutdown of the American government on budget matters and threatening data from overseas. Still, from mid-October or after the government problem is resolved, the market will also find a better environment due to a shift in seasonal capital flows. As a result, I anticipate stocks will rally from sometime in October through November well enough to return paper losses to investors who had not sold stocks during the crisis. See our full stock market outlook report here.

Article interests SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iPath S&P 500 VIX (NYSE: VXX), Apple (Nasdaq: AAPL), Facebook (Nasdaq: FB), Google (Nasdaq: GOOG, Nasdaq: GOOGL), GE (NYSE: GE), Bank of America (NYSE: BAC), Cisco (Nasdaq: CSCO), Citigroup (NYSE: C). Please see our disclosures at the Wall Street Greek website and author bio pages found there. Kaminis is long SPY. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Fed Meeting Preview – My Take

There is a great deal of uncertainty around this Fed rate decision, and it may not only be in the marketplace. The Federal Open Market Committee (FOMC) itself will probably show division when it comes to its conclusion today. I think the market’s confusion was evident by the last two days of trading, which I discuss in more detail herein. Markets are unsure for good reason, given previous Fed forecasts and the outside influences upon the two Fed mandates of managing monetary policy for employment and inflation. While everything is on the table today, it should be a good day for stocks given what we have priced in already – I think. Obviously, everything depends on what the Fed actually says and does. It’s quite ironic that this Fed, which has made such strides toward transparency, finds itself in such a confused situation. See our full Fed meeting preview here.

Sector Security	Wednesday 09-16-15
SPDR S&P 500 (NYSE: SPY)	+0.85%
SPDR Dow Jones (NYSE: DIA)	+0.84%
PowerShares QQQ (Nasdaq: QQQ)	+0.56%
iShares Russell 2000 (NYSE: IWM)	+0.82%
PowerShares DB US Dollar Bullish (NYSE: UUP)	-0.28%
SPDR Gold Trust (NYSE: GLD)	+1.3%
iShares 20+Year Treasury Bond (NYSE: TLT)	-0.38%

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.

Stocks Should Recover Now - Buy the SPY ETF

When I authored my warnings about market correction in early to mid-August, I also indicated what the cure for stocks would eventually be. One of those factors appears to be about ready to help out, and that is clarification from the Fed. No matter what happens Thursday afternoon, the Federal Open Market Committee (FOMC) will provide some clarity to investors. Stocks should benefit from the removal of some uncertainty, and I see immediate upside of 2.5% to 5.0% probable for the SPDR S&P 500 (NYSE: SPY) post the Fed meeting. But any gains and the length of duration of upward direction will depend on the specifics of what the Fed does and says. The longer term for stocks and the SPY will continue to depend on the U.S. economy, energy sector issues, emerging market implications, seasonal capital flow factors and the Fed path and accuracy moving forward. See the full report on the stock market and the SPY ETF here. This article may also interest SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iShares Russell 2000 (NYSE: IWM), Vanguard Total Stock Market (NYSE: VTI).

Kaminis is Long SPY. 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.

We Recommended VXX at $16 Pre-Correction & it Rose 97% in 2 Weeks

In the first half of August before the market correction I vehemently warned investors to: raise cash levels; avoid the temptation to purchase dips in the market; and to buy the iPath S&P 500 ST Futures ETN (NYSE: VXX) at approximately $16. The stock market corrected shortly after my recommendation, with the investors in the VXX having a best case gain measuring 97% if sold at $31.48 intraday on September 1st. I closed my initial VXX long position (call options) during the correction in August at a significant profit. As I produced this report, the VXX security traded at approximately $24 and still offered a 50% profit to early stakeholders who might still be holding the security. Given the greater likelihood of Fed inaction versus the probability of action this week, and as I anticipate a higher likelihood of a market rise on such news than the possibility of decline, I’m suggesting investors still holding the VXX sell the security and take profits now if they have not already done so. The VXX should fall swiftly in the event of a change in market sentiment to the positive. If you would like to keep some hedge in place due to an expectation for a Fed surprise, I suggest doing so with a much smaller stake and still recommend taking your cost and a good deal of your profits out of the VXX now if you have not already done so. See the full report on the VXX security here. In case you missed it, I predicted the market correction. 

Article also interests investors in ProShares Ultra VIX ST Futures (NYSE: UVXY), VelocityShares Daily 2X VIX (NYSE: TVIX), VelocityShares Daily Inverse VIX ST (NYSE: XIV), VelocityShares Daily Inverse VIX MT (NYSE: ZIV), PowerShares QQQ (Nasdaq: QQQ) and SPDR S&P 500 (NYSE: SPY).

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.

How Do You Spell Relief? How About SHORT-LIVED

Global shares traded sharply lower overnight Tuesday on weak China data until European GDP data was reported better than expected. That news, and a post-Labor Day euphoric return for many Americans, had a relief rally stirring on Wall Street Tuesday. While the day’s energy took stocks right back up to their post correction plateau, it will most likely be defined by one word: short-lived. That is because the weighty factor behind the volatility remains somewhat in place. One factor could change that, though, and it is worth watching. If the Fed indicates it will not act to raise interest rates in the near-term, implying through the October meeting, then stocks could march right back up to their year-to-date tops. That is doubtful, but increasing belief in a sidelined Fed certainly helped shares Tuesday. I anticipate continued volatility and wild swings until we have clarity about the Fed and/or until November for reasons discussed herein. See this full report on the stock market relief rally here.

Global Stock Sector	09-08-15
SPDR S&P 500 (NYSE: SPY)	+2.5%
SPDR Dow Jones (NYSE: DIA)	+2.5%
PowerShares QQQ (Nasdaq: QQQ)	+2.8%
iShares Russell 2000 (NYSE: IWM)	+2.3%
Vanguard Total Stock Market (NYSE: VTI)	+2.5%
iPath S&P 500 VIX ST Futures (NYSE: VXX)	-8.7%
iShares Europe (NYSE: IEV)	+2.9%
WisdomTree Europe Hedged Equity (NYSE: HEDJ)	+2.2%
iShares China Large Cap (NYSE: FXI)	+7.1%
iShares MSCI Japan (NYSE: EWJ)	+2.3%
iShares Germany (NYSE: EWG)	+3.6%
SPDR Gold Trust (NYSE: GLD)	+0.03%
iPath S&P GSCI Oil (NYSE: OIL)	+0.1%
iShares 20+ Treasury Bond ETF (NYSE: TLT)	-1.5%

DISCLOSURE: Kaminis is long FXI, VXX. Kaminis is short OIL. 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.

Stock Market Crash Part II – 2nd Leg Lower Starts Here

From the investment professional who predicted the August 2015 stock market crash. 

Stocks should benefit Thursday from ECB catalyst, but I suggest investors avoid the temptation to purchase equities now as Friday’s jobs data weighs heavily. The European Central Bank is likely to say something supportive for stocks today. However, by the close of trading, the weight of the pending Employment Situation Report due Friday morning, upon which perhaps a U.S. Fed Funds Rate hike hinges, should renew market worry. The event is capable of stirring selling as already flighty investors take risk off into the weekend. Broadly speaking, investors should still get a better entry point for stocks as a result of the uncertainty around the Fed move and the global growth question. See the full report of the Stock Market Crash Part II here.

European Equities	%  Off 52-Week High
iShares Europe (NYSE: IEV)	-13.9%
Vanguard FTSE Europe (NYSE: VGK)	-13.1%
WisdomTree Europe Hedged Equity (NYSE: HEDJ)	-17.4%
iShares MSCI Germany (NYSE: EWG)	-15.5%
iShares MSCI United Kingdom (NYSE: EWU)	-18.8%
iShares MSCI France (NYSE: EWQ)	-11.7%
iShares MSCI Italy (NYSE: EWI)	-11.4%
iShares MSCI Spain (NYSE: EWP)	-25.0%
Global X FTSE Greece 20 (NYSE: GREK)	-56.1%

Market Sector & Select Stocks	% Off 52-Week High
SPDR S&P 500 (NYSE: SPY)	-8.6%
SPDR Dow Jones (NYSE: DIA)	-10.8%
PowerShares QQQ (Nasdaq: QQQ)	-9.2%
iShares Russell 2000 (NYSE: IWM)	-11.8%
Vanguard Total Stock Market (NYSE: VTI)	-8.9%
GoPro (Nasdaq: GPRO)	-58%
Facebook (Nasdaq: FB)	-9.4%
Ambarella (Nasdaq: AMBA)	-36.5%
Five Below (Nasdaq: FIVE)	-20.6%

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.

Kaminis Predicted the Stock Market Crash & is Warning Again

5-DayChart of SPY at Seeking Alpha

In the last few reports authored before I left for my vacation roughly two weeks ago, I presciently advised investors to: avoid new stock purchases even on dips in the market; move heavily to cash; and to hedge risk with a volatility instrument. As a result of my own bet on risk, I turned an important percentage gain last week as most investors saw portfolio values decline sharply. With consideration for my near 6,000 followers, I thought an update would be appropriate at this critical juncture to advise investors of how I’m thinking about things now and what I’m doing and preparing to do next.

In the days preceding the stock market correction, Kaminis warned followers via a series of reports.

• August 19-24 - Stock Market Crashed 11% 
• August 18: Minefield of Risk (Recommended preparation for imminent market correction)
• August 13: Investors Dilemma – Do Not Blindly Buy the Dips Any Longer 
• August 12: One Security to Save us All (Recommended purchase of VXX volatility investment instrument as a hedge against market correction)
• August 10: The Herd is in a Hurry to Get Butchered (Advised investors not buy rallies)
• August 9: Warning on Stocks – Keep Your Powder Dry (Suggested investors go to higher levels of cash)

See what I'm suggesting investors do next here: Investor Who Predicted Stock Market Correction of 2015 Has New Warning 

Article interests: SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iShares Russell 2000 (NYSE: IWM), iPath S&P 500 VIX (NYSE: VXX), Vanguard Total Stock Market (NYSE: VTI), SPDR Gold Trust (NYSE: GLD), PowerShares DB US Dollar Bullish (NYSE: UUP), Direxion Daily Gold Miners Bull 3X (NYSE: NUGT), iPath S&P GSCI Oil (NYSE: OIL).

Disclosure: Kaminis is long UUP, NUGT. Kaminis is short OIL & is hedging long bets in NUGT & UUP with minor short positions in each due to expectation for volatility. 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. 

This Market is a Minefield of Risk

This volatile period for the market will continue with a minefield of risk this week. Investors will have several relatively important factors to weigh while determining the market path, including the Fed meeting minutes and Consumer Price Index (CPI). I continue to warn investors to avoid the inclination to buy the dips at this point and hold substantial cash for a stock sale over the near-term, at which point long-term investors can add to holdings. See this full stock market warning here.

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. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

INVESTOR WARNING - No Longer Buy the Dips

The stock market reversed course Wednesday, turning an opening decline into a green day for the SPDR S&P 500 (NYSE: SPY). But I’m warning investors that we need to treat this market differently than how we have grown accustomed to. Times have changed and a very sensitive stock market should continue to exhibit volatility into this fall. In fact, I’m anticipating a market correction sometime over the next couple months. If I’m right, then that means we have to stop blindly buying the dips. See the full report warning to investors. Article interests SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iShares Russell 2000 (NYSE: IWM), SPDR Gold Trust (NYSE: GLD), iShares Silver Trust (NYSE: SLV), Apple (Nasdaq: AAPL), Facebook (Nasdaq: FB), Google (Nasdaq: GOOG), ProShares Ultra VIX (NYSE: UVXY).

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.

One Security to Save us All - iPath S&P 500 VIX ST Futures (NYSE: VXX)

In anticipation of market turmoil and volatility, I sought a security to survive the storm. The iPath S&P 500 VIX ST Futures (NYSE: VXX) is just what the doctor ordered to hedge portfolios against a downturn now. On occasion, it can also serve the most morbid of investors to enjoy capital appreciation while most investments are being slaughtered. This appears to be just such an occasion, as I see risk of a 10% or greater market correction heightened from here through October. See the full report on the one security to save us all. 

Sector Security	Wednesday Midday 8-12-15
iPath S&P 500 VIX ST Futures (NYSE: VXX)	+5.4%
SPDR S&P 500 (NYSE: SPY)	-0.9%
SPDR Dow Jones (NYSE: DIA)	-1.1%
PowerShares QQQ (Nasdaq: QQQ)	-1.1%
iShares Russell 2000 (NYSE: IWM)	-1.3%
Vanguard Total Stock Market (NYSE: VTI)	-1.0%
PowerShares DB US Dollar Bullish (NYSE: UUP)	-1.2%
SPDR Gold Trust (NYSE: GLD)	+1.3%
iShares 20+ Year Treasury Bond ETF (NYSE: TLT)	+0.4%

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.

The Herd is in a Hurry to the Butcher's Block

According to the broad market media, stocks got an early lift Monday because of a developing fresh deal for Greece. More likely, though, stocks are simply higher given the dearth of U.S. data this morning to stop it. The S&P 500 is also benefiting from support at its 200-day moving average. Still, watch out friends, because today a previously disruptive force is due to deliver a dose of reality again. Also later this week, critical data will reach anxiously awaiting eyes fearful of being poked out. But mostly, we cannot get comfortable now because we are locked in a waiting game heading into the important September Fed meeting, where it may finally initiate its program of monetary policy tightening. Considering capital flow factors as well, this is hardly the time to get comfortable and to follow the herd to the butcher’s block. See more on this market report here.

Sector Security	Monday Morning 08-10-15
Vanguard S&P 500 (NYSE: VOO)	+0.9%
SPDR Dow Jones (NYSE: DIA)	+1.0%
First Trust NASDAQ-100 Tech Index ETF (NYSE: QTEC)	+1.0%
iShares Russell 2000 (NYSE: IWM)	+0.9%
Vanguard Total Stock Market (NYSE: VTI)	+1.0%
iPath S&P 500 VIX (NYSE: VXX)	-3.3%

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.

Why I'm Warning on Stocks – Keep Your Powder Dry

The Dow fell for its seventh straight day Friday and the S&P 500 (NYSEArca: SPY) was testing its 200-day moving average. Stocks are at high risk now due to the building anticipation and anxiety about the detrimental impact of imminent interest rate hikes and an increasing cost of capital for corporations. Stocks, in my opinion, are showing signs of a potential market correction and they are well overdue for one. However, when stock prices decline precipitously they open up special buying opportunities for long-term investors. For as long as the economy justifies tighter monetary policy, stocks can relatively quickly recover any lost ground on a correction. As a result, I’m suggesting investors go to at least 20% cash in preparation for a new buying opportunity when/if stocks correct over the next 1 to 3 months. See the full warning report on stocks here. Article interests SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iPath S&P 500 VIX (NYSE: VXX), iShares Russell 2000 (NYSE: IWM).

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.

Don't Trade Like a Crack Addict on a Fed Fix

A television media reporter this morning said the market’s reaction to TV interview comments by Fed Governor Powell were like a crack addict getting his Fed fix. Powell indicated the Fed would stay true to being data dependent, with plenty of important data between now and the September meeting. His somewhat dovish discussion followed comments from FOMC voting member Lockhart’s statement that he would need to be dissuaded from voting for a rate hike as things stand today. Stocks are trading quite sensitively in anticipation of an imminent Fed liftoff to interest rates, and Powell seemed to serve the market the drug it needed to refresh enthusiasm. Though, it also ensures extreme volatility around key economic data points, including this week’s Employment Situation data. Be careful investing over the next few months friends, as these swings and volatility are likely to continue. Long-term investors can actually look forward to the start of Fed rate hikes finally happening, as it will usher in discussion about the economy, which is what we truly should be focused on. Economic justification for normalized interest rates should be celebrated by the market over the longer term as it serves to stave off inflation. See more about this crack addict!

Sector Security	1:00 PM 8-5-15
SPDR S&P 500 (NYSE: SPY)	+0.4%
SPDR Dow Jones (NYSE: DIA)	+0.1%
PowerShares QQQ (Nasdaq: QQQ)	+0.8%
iShares Russell 2000 (NYSE: IWM)	+0.2%
Vanguard Total Stock Market (NYSE: VTI)	+0.4%
iPath S&P 500 VIX (NYSE: VXX)	-0.2%
PowerShares DB US Dollar Bullish (NYSE: UUP)	+0.1%

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.