ETF Prophet

Blue-lined markup comparison of the April versus March Federal Open Market Committee/ FOMC statements below: Labor & Spending Improving/ Housing Depressed Inflation Increased Continued Accommodative Stance Low Rates Expected to Late 2014 No Specific Mention of “QE3″ Global Strains Remain Single Hawkish Dissent Don’t forget the first reaction is often a fade, but price can [...]

Blue-lined markup comparison of the March versus January Federal Open Market Committee/ FOMC statements below: Labor & Spending Improving Inflation Stable despite Crude Oil Continued Accommodative Stance Low Rates Expected to Late 2014 No Specific Mention of “QE3″ One Dissent Don’t forget the first reaction is often a fade, but price can move quickly. Also [...]

Blue-lined markup comparison of the January versus December Federal Open Market Committee statements below. Slowing Growth Inflation Subdued Continued Accommodative Stance Low Rates Expected to Late 2014 One Dissent Don’t forget the first reaction is often a fade, but price can move quickly. Also see past Fed-Day reactions on this site, and prior statement markups [...]

First, happy birthday Ben…. No change. Blue-lined markup comparison of the December versus November Federal Open Market Committee statements below. US Economic Expansion in spite of Global Slowing Some Household Spending Advances Fixed Business Spending Relatively Slow Housing Remains Depressed Jobs Weak but Improving Global Risks Remain Inflation Stable Don’t forget the first reaction is [...]

Blue-lined markup comparison of the September versus November Federal Open Market Committee statements below. Economic Strengthening Consumer Spending Picking Up Housing Weak Jobs Weak Global Risks Remain Inflation Moderated One Dissent Looking for More Accommodation Don’t forget the first reaction is often a fade, but price can move quickly. Also see past Fed-Day reactions on [...]

Blue-lined markup comparison of the August versus September Federal Open Market Committee statements below. Don’t forget the first reaction is often a fade, but price can move quickly. Also see past Fed-Day reactions on this site, and prior statement markups here. [Click Graphic Below to Enlarge]

Blue-lined markup comparison of the July versus August Federal Open Market Committee statements below. Economics Considerably Slower Than Expected Will Consider Easy Money from Rate Standpoint Through 2013 Longer-Term Inflation Remains Stable Three Dissenting Votes Don’t forget the first reaction is often a fade. Also see past Fed-Day reactions on this site, and prior statement [...]

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I can only chuckle at major media outlets playing up the “break in declines” this week with what, volatility not seen in several month’s time and the S&P 500 (SPY) up a whole +0.1%?  Define L.O.L.  In fact, the NASDAQ 100 (QQQ) broke its 200-day moving average, finishing the week down another -1.3% for a [...]

Blue-lined markup comparison of the April versus March Federal Open Market Committee statements below. Interestingly, there was no change indicated whatsoever, save a possible nuanced downgrade of the economic outlook. Also see past Fed-Day reactions on this site, and prior statement markups here. [Click Graphic Below to Enlarge]

Blue-lined markup comparison of the March versus January Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. [Click Graphic Below to Enlarge]

Blue-lined markup comparison of the December versus November Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. Not much in the way of textual, let alone policy changes…

Blue-lined markup comparison of the November versus September Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. Paragraph three specifies the $600B Q.E. II:

Blue-lined markup comparison of the September versus August Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. Note in particular, how “additional accommodation if needed” is specifically referenced below in paragraph four: [Click Graphic Below to Enlarge]

Blue-lined markup comparison of the August versus June Federal Open Market Committee statements below.  Also see past Fed-Day reactions on this site, and prior statement markups here.  Note in particular, the new paragraph on recovery support efforts below…. [Click Graphic Below to Enlarge]

Blue-lined markup comparison of the June versus April Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. Net net, looks like a minor economic downgrade on first review, particularly with respect to the pace of recovery… [Click Graphic Below to Enlarge] Did today’s trade pattern [...]

Blue-lined markup comparison of the April versus March Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. Virtually no changes, including the requisite Hoenig dissent. [Click Graphic Below to Enlarge]