Month: December 2015
It was a short week, but it wasn’t quiet. Oil prices moved higher, according to The Wall Street Journal, after the U.S. Energy Information Administration reported crude-oil inventories fell unexpectedly last year. Analysts had predicted oil supplies would rise. One expert cited by The Wall Street Journal suggested that the stockpile decline and subsequent oil…
After a level of hype that would have exhausted even the most dedicated Star Wars fans, the Federal Reserve finally began to tighten monetary policy last week, raising the funds rate from 0.25 percent to 0.50 percent. Although financial markets appeared sanguine when the rate hike was announced, the calm dissipated quickly. The Standard &…
It’s not like it’s a surprise! Last week, investors didn’t appear to be thrilled with the possibility the Federal Reserve might raise rates this week. They also weren’t too impressed by another drop in oil prices. There was red ink everywhere as markets from Australia to Hong Kong, across the eurozone, and throughout the Americas…
Anyone looking at U.S. stock market performance last week might assume it was a pretty quiet week. They would be wrong. It was a very bouncy week. U.S. stock markets moved lower on Monday, rebounded on Tuesday and then appeared to suffer a one-two punch midweek that knocked indexes lower. On Wednesday, the benchmark U.S….