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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Late Summer

Late Summer

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Oct. 5 @ 8:30 am ET ~ Employment Data
* Mon. Oct. 8 ~ Canadian markets closed for Thanksgiving Day Holiday
* Thurs. Oct. 11 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Oct. 17 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Oct. 24 @ 2:00 pm ET ~ Beige Book Report
* Tues. Nov. 6 ~ U.S. Midterm Elections
* Thurs. Nov. 8 @ 2:00 pm ET ~ FOMC Announcement
* Thurs. Nov. 22 ~ U.S. markets closed for Thanksgiving Day Holiday & NYSE closes early @ 1:00 pm on Fri. Nov. 23
* Wed. Dec. 19 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. & Wed. Dec. 25 & 26 ~ Canadian markets closed for Christmas & Boxing Day Holidays
* Tues. Dec. 25 ~ U.S. markets closed for Christmas Day Holiday & close early @ 1:00 pm on Mon. Dec. 24
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Thursday, January 14, 2016

Beige Book Report of 01/13/16: Not A Rosy Picture For U.S.

The following information is from Nasdaq.com...you can see that this latest Beige Book report does not paint a rosy picture for the U.S. economy.

Unless we see new, stimulative fiscal policy emanating from the U.S. Government this year (which is unlikely because of the upcoming Presidential election on November 8th), I'm not expecting any kind of drastic improvement this year. So, expect more volatility, without a clear trend in the markets, until then.

2016 Economic Calendar
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U.S. & INTL RECAPS   |   EVENT DEFINITIONS   |   TODAY'S CALENDAR   |   
Beige Book 
Released On 1/13/2016 2:00:00 PM For 1/13/2016 2:00:00 PM
Highlights
The Beige Book is not painting a picture of overwhelming strength for the U.S. economy, especially for a Federal Reserve that has begun to lift interest rates. Growth in consumer spending is described as no better than slight to moderate with holiday shopping held down especially by weakness in apparel sales. Auto sales are described as mixed with activity beginning to drop off from prior strength.

And the Beige Book is not picking up indications of price strength. On the contrary, price pressures are described as minimal and wage pressures as flat to moderate. Agriculture is another weak area, with farm incomes stressed by both flooding and by drought and with prices low and falling. The latter also reflects in part weak global demand and the strong dollar, two factors that are also behind what is described as weakening in the manufacturing sector.

One area of strength is real estate, both residential and commercial. Moderate gains in house prices and commercial rental rates are cited. But this report offers far more for the doves than the hawks and could justify perhaps doubts whether the Fed will implement four rate hikes this year as planned.