–Tuesday September 28, 2021 showed us a very predictable market reaction to No New News, save greater conviction that inflation may not be that transient and rates will be going up. –Market participants (including their computers) have been conditioned by the media to react in this way over decades and there is no nuance with the…
Tag: Rick Santelli
Janet, you’ve really stepped in it this time!
That was the word from a trio of experts (?) Friday on CNBC’s Closing Bell. The ‘three wise men’ were: Guy Adami trader, Art Cashin, Manager of Floor Operations for UBS and CNBC bond maven, Rick Santelli. To a man, they were blaming the current market swoon on the Fed’s move to raise the the Fed Funds…
Will miracles never cease?
That proverbial ‘cold day in July’ happened Friday, February 20. King Rant, Rick Santelli, not only did not rant, but his segment on why people should not fear the Fed’s upcoming moves to raise and normalize interest rates (“Santelli Exchange: Alarm over interest rates”) was actually a rational examination of the question. Amazing! A miracle! Santelli’s…
Session 131–Adieu Q.E.–Rest in Peace
That is my fervent prayer. But it seems like the media has other plans. Today’s special coverage on CNBC and MarketWatch gives me the feeling, in fact, the much-maligned Quantitative Easing isn’t going to get a rest, even though its long past its prime as a topic. I’m not certain why this is. Maybe it’s…
Session 109–Fear and Loathing on Wall Street
It never ceases to amaze me how rapidly market sentiment can shift. Last week was a perfect example; from ‘Fear and Loathing’ at the beginning of the week to a “Calm sea and Prosperous Voyage” at weekend (May 23, 2014). Of course, when this happens it is usually the media driving the train, picking news…
Session 101–April is the new May?
Despite the title, session 101 is not about the weather or climate change. It is about that old market saw, “Sell in May and go away”…a reference to a quirky market seasonal pattern showing, on average, a greater propensity for market profits in the winter vs. less profits in the summer months. Mark Hulbert (The…
Session 96–Way To Go Janet. I Hope You’re Happy!
You really stepped in it this time! You know, the little faux pas you made during your first post-FOMC meeting press conference when you gave the markets a flash that the Fed might start moving short rates higher six months after the end of Quantitative Easing (QE). Even though this policy move and its trajectory…
Session 87–One Foot Out the Door, One Finger on the Panic Button
I think this describes the mindset of many market participants, suspicious of how far we’ve come since the crash of 2008. The ghost of that era still haunts investors; so much so, many cut their equity holdings dramatically or totally avoided stocks (sideline money=buying power). The recent mini-correction has reinforced this skepticism and the media…
Session 78–Apres Taper, What’s Next?
The confused nature of media reaction to the market’s move higher on last Wednesday’s Fed announcement on the taper of Quantitative Easing (QE), indicates they are totally lost. They can’t figure out why the market responded as it did, up nearly 300 points on the Dow. In my world it makes total sense. Here is…
Session 77–What Made The Media Salivate In 2013
I started my blog to give clarity and perspective to the daily barrage of hype and misinformation from the mainstream and financial media. I hope my work has been helpful in that respect. As we approach the New Year, I thought a retrospective on kortsessions might be useful, a look-back on the issues that the…