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Big Bank Theory! Financials Lead Stocks Higher.

Big Bank Theory! Financials Lead Stocks Higher. The 1st Quarter earnings parade began Friday with an unexpectedly great start.  Banking giant JP Morgan reported record revenues AND net income.  This put aside the residual fears from the disastrous 4th Quarter of 2018.  In fact, JPM made it clear that the feared “inverted yield curve” had […]

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Will The Federal Reserve’s Rate Hike Prove One Too Many?

The Fed’s 9th Rate Hike is Virtually Certain This Week Last week’s economic news was very good.  For the month of November, the Consumer Price Index (CPI) was ZERO, reducing the annual rate to a very tame 2.2%.   In addition, retail sales were better than expected, following a great October. (https://www.census.gov/retail/index.html). The CPI  increased […]

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