The Fed puts rates on ice

After raising interest rates in December for the first time since the financial crisis and Great Recession, the Federal Reserve has gone into a January freeze. The central bank on Wednesday announced no change in interest rates, meaning the target for the Fed’s benchmark federal funds rate will remain between 0.25% and 0.50%, the range […]

Earnings Preview: What to Expect for Facebook Stock

If social media has an alternate universe, it could well be virtual reality. And Facebook (ticker: FB) hopes to conquer its own corner of the galaxy when its company Oculus releases the Rift headset in the first quarter of the year. (Some gaming websites report the date as March 28, though Oculus has kept launch […]

This Market Needs Some Xanax

Xanax is a medication used to treat anxiety and panic disorders.  Markets have been ugly since year’s end. On Wednesday, volatility was high, as the Dow Jones was down -565 points before rallying back to close down -249. Thursday’s action was a relief (+116), but markets are likely to be volatile near term.  Xanax sure […]

Market Correction, or Something More Sinister?

It was another ugly week in the equity markets, with most of the damage done on Friday, January 15th.  The S&P closed the week down 2.2% on top of its 6.0% fall on the first 5 trading days of the year.  According to Wall Street Economist David Rosenberg, of 51 global stock indexes, 19 are […]

Barone: What’s eating Wall Street?

There was no Santa Claus rally in 2015. In the last few weeks, the market has done poorly, with the S&P 500 falling 1.75 percent in December and another 4.9 percent in the first four trading days of 2016, the worst start to a new year in the history of the index. The U.S. labor […]