On Friday Federal Reserve Chairwoman Janet Yellen said what we already knew: “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an …
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Dan is traveling today, and so is most of Wall Street it seems. Even the big news of the day comes from a Summer vacation location as Janet Yellen gave her highly anticipated speech in …
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Despite mounting pressures, both internally and externally, for a divided FOMC (as evidenced by the July minutes) to raise short term interest rates for only the second time since June 2006, the yield in the …
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This may be getting old by now, asking yourself questions like why does Johnson & Johnson (JNJ) trade at 18x expected 2016 eps? Yeah defensive (medtech, pharma & shampoo) with that buyback and 2.66% dividend yield, …
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At 2pm this afternoon the Federal Reserve will release the Minutes from their July FOMC meeting. Mohamed El-Erian, Chief Economic Adviser to Allianz, had an insightful preview this morning for Bloomberg View (here). El-Erian concluded his list of what to …
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This morning’s July non-farm payrolls report came in better than expected for the second consecutive month. That brings the average monthly gains to 186,000 for 2016. The unemployment rate stayed put at 4.9%. The July …
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You know the drill, even if you’ve forgotten it. But thanks to Larry McDonald updating a Tweet of his from last Summer, here’s a reminder: Here we go again (2)#Dollar#Oil#Debt — Lawrence McDonald (@Convertbond) July 20, …
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Is this morning’s June non-farm payrolls print of 287,000 as much of an anomaly as last month’s May print of 38,000? Probably, which is why forecasters and pundits smooth out the data. In the first quarter …
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The largest trade of the day today in a single stock option was in McDonald’s (MCD). Shortly after noon when the stock was $119.50, 50,000 of the Jan17 125 calls traded $3.15 to open. That’s …
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Shares of Verizon (VZ) are up 10% in the last month, now approaching 2016 highs: And threatening a long term breakout: The stock’s 4.17% dividend yield is one of the big drivers for the out-performance over …
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