Anemic economy will shackle FED

The Stock Market has started out the year horribly, in fact, the worst ever.  The selloff is due to the double whammy of Omicron and fears about the Federal Reserve raising interest rates. Neither issues concern me.  Omicron is clearly dissipating (epicenter UK has lifted restrictions) and the FED can’t significantly raise interest rates becauseContinue reading “Anemic economy will shackle FED”

Markets up…Fed lowers GDP

Markets continued to do extremely well on talk that OPEC members will cap production.  I remain skeptical and believe that stocks are overvalued and will follow Oil prices lower. The Federal Reserve Open Market Committee (FOMC) met this week and continued their post-recession tradition of revising GDP growth downward: “Members of the committee lowered theirContinue reading “Markets up…Fed lowers GDP”