In demanding the resignation of Chief Executive C.Y. Leung and the right to freely select their own candidates to government, tens of thousands of protestors have flooded Hong Kong’s streets and effectively shut down major parts of the city. While there were serious clashes with police over the weekend, plus numerous injuries and arrests, compared to other protests globally, so far this has been a remarkably peaceful affair. Read more about Market Update: Hong Kong at a Standstill, But China Keeps Moving 09-30-14
As we write to you, the latest two-day Federal Open Market Committee meeting to determine the next step on monetary policy is in progress. Market participants will no doubt scrutinize the FOMC statement, to be released tomorrow afternoon, for hints of changes in the Fed’s expected course of action in regards to the federal funds rate. Read more about Market Update: Potential Market-Moving Events Ahead 09-16-14
U.S. stocks declined for the second day in a row after the S&P 500 last week set an all-time high. Concerns that the Federal Reserve may hike interest rates sooner than expected are to blame. A research letter published by the San Francisco Federal Reserve Bank states that investors may be under-appreciating the “extent to which short-term interest rates may vary with future news about the economy.” Specifically, the piece suggests that the public may be expecting more accommodative policy than do Fed decision makers. Read more about Market Update: Stocks Ripe for Correction 09-09-14
With Labor Day behind us, investors look increasingly nervous about the possibility of a near-term correction. And perhaps they should. After all, no major stock market index has declined more than 6 percent in nearly two years. No major index has fallen 10 percent in three years. Not surprisingly, given these worries, trading has been light. Read more about Hedges for the Long Term 09-02-14
Last week, the Kansas City Federal Reserve Bank hosted its annual economic policy symposium at Jackson Hole, Wyoming. Market participants watched with keen interest as U.S. Federal Reserve Chair Janet Yellen and other key monetary policymakers spoke. Read more about Dovish Central Banker Talks Set Positive Market Mood 08-26-14
This issue we review our market indicators' predictions from last month. The indicators correctly predicted the direction of stocks, bonds, and precious metals. We discuss the latest indicators signals and reassess our short-term rankings of the related ETFs.
We also look at Europe's latest woes and evaluate the European exposure of our Core Portfolio ETF recommendations.
See the issue for details. Read more about Conflicts and Negotiations
In lieu of our usual weekly Cash Cow update this week, we advise readers to expect, shortly, a new issue of the monthly newsletter, with our latest thoughts on global events and updates on the Leeb market indicators. Read more about Looking Forward to the September Issue 08-19-14