Dear Prudence
After Friday’s meltdown, more jawboning from Fed policymakers and an olive branch from Brainard spikes the market. Agrium and Potash deal. Linde and Praxair end deal. Samsung sells printers, and recalls phones. Tesla’s new autopilot. Time goes digital. Sanofi and Verily fight diabetes. Bezos blasts off. Hanjin ghost ships.
Financial Review by Sinclair Noe for 09-12-2016
DOW + 239 = 18,325
SPX + 31 = 2159
NAS + 85 = 5211
10 Y un 1.67%
OIL + .14 = 46.02
GOLD - .70 = 1328.10
Financial Times' Eric Platt writes: "Janet Yellen will deliver the biggest shock to markets since taking over as chair of the Fed ... should the central bank raise interest rates this month, according to a survey of Wall Street economists that shows more than 85 per cent expect it to hold fire. The skepticism among economists may concern the Fed's top officials, who have spent the past month trying to persuade financial markets that an increase at their meeting on September 21 is a possibility.” Before Friday's rout
Comments