I can calculate the movements of the heavenly bodies but not the madness of people. - Sir Isaac Newton, upon losing a fortune on South Sea Company stock Newton's Laws of Motion An object at rest remains at rest, and an object in motion remains in motion at constant speed and in a straight line unless acted on by an [...]
The Senior Loan Officer Survey came out yesterday and I'm sure you've been waiting on pins and needles, as I have, to see the results. Okay, maybe you had better things to do. I sure hope so because it isn't exactly riveting. Here's the description from the Fed's website: Survey of up to eighty large domestic banks and twenty-four U.S. [...]
What a difference a day makes! After a two-week correction of nearly 5%, the S&P 500 spent the first part of last week rallying in anticipation of a friendly Fed meeting. That Fed meeting Wednesday produced the expected, namely that a rate cut in September was likely. That pushed the S&P 500 up over 2% from the Fed meeting to [...]
Stay In Touch