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  • 10 months ago
Buy Rumor, Sell Fact

Buy Rumor, Sell Fact

…Stocks slip. Tech bounce. Monetary and fiscal policy and the bond market. Buy the Hake hike rumor and sell the news? Some mistakes in the tax plan. Shutdown? LA burning. Silence breakers. Financial Review by Sinclair Noe for 12-06-2017   DOW – 39 = 24,140 SPX – 0.30 = 2629 NAS + 14 = 6776 RUT – 23 = 1508 10 Y – .03 = 2.33% OIL -2 .39 = 55.97 GOLD – 3.10 = 1263.80   Shares of Microsoft, Facebook and Google-parent Alphabet rose more than 1 percent as the technology sector recovered from a recent selloff. Microsoft was up more than 2 percent.   For the past 9 years, the Federal Reserve’s monetary policy has been the driving force in stock price appreciation. The Fed cut interest rates to near zero and then injected monetary credits into the economy through quantitative easing. Take a look at a chart of the Fed’s balance sheet and then overlap a chart of the S&P 500. The 2 charts match almost perfectly. Now the Fed has stopped investing into new asset purchases and stopped rolling ove

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