Fed leaks lead to billions on Wall Street balance sheets

My collegue at The New York Post, John Crudele, wrote on Monday about how the New York Fed President Bill Dudley, back in 2011, was meeting with the Street during “quiet periods” at the Fed. Crudele FOIAed Dudley’s calendar to see who is was lunching with during the tumultuous time in 2011.The quiet period is […]

Trump’s Syrian bombing wakes quiet markets

The Trump Administration’s launch of 59 Tomahawk missiles into Syria Thursday night, sent shivers through the energy markets. The strike on an airfield believed to be housing sarin gas was the first deliberate attack on Syria was in respond to the killing of 70 people with the gas allegedly done by Syrian President Bashar al-Assad […]

Retail woes spread across all price points

Because of yesterday’s monumental news the Richmond Fed President Jeffrey Lacker immediately resigned for leaking Fed information before it was released, I did not write on two huge developments in US retailing that point to the troubling economy. Ralph Lauren — the iconic US retailer — is closing its flagship Manhattan store on 5th Avenue […]

You must remember this a Fed leak is just a leak, on that you can rely

“I’m shocked, shocked to find that gambling is going on in here!” says Captain Renault in “Casablanca”. Richmond Fed President Jeffrey Lacker resigned immediately yesterday after confessing he leaked Fed meeting information to a hedge fund  advisory firm days before the minutes from a previous meeting were to be released in Oct. 2012. The firm, Medley […]

Equities see “known unknowns” as bullish

Let’s say it is safe to say that the level of animosity in Washington will lead to divided government for the foreseeable future, despite the Republicans holding a sliver of power within Congress. That premise can only be good for equities as investors see gridlock as a means to remain with the status quo. Markets […]

Order now and we’ll throw in some IPO shares

“It dices, it slices.” It could be a sign of the top of the stock market. Ronco Brands, the infamous late night infomercial gadget maker once led by founder Ron Popeil who peddled the Veg-O-Matic and the Pocket Fisherman on TV, has filed to go public. The Austin, Texas is seeking to raise $30 million […]

Stocks soar despite anemic GDP

As the first quarter ends Friday we see that while sentiment has exploded, economic growth is muted. On Thursday the feds released the third revision (not the final revision since it will be changed again and again) of GDP for the final quarter of 2016 and the year. The latest revision of Q4 showed growth […]