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Market Talk – Wednesday, Sept. 16
Article By:
Martin Armstrong
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Wednesday, September 16, 2020 6:27 PM EDT
Snowflake, a cloud computing service, became the largest software IPO in market history this Wednesday. Snowflake debuted at $245 per share today, more than doubling in price from analysts’ estimated range.
September Fed Meeting: The (Long) Wait For 2% Inflation Begins
Article By:
Russell Investments
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Wednesday, September 16, 2020 6:01 PM EDT
The Fed has pinned liftoff to an economic outcome, namely that inflation must hit its 2% objective and be expected to exceed it for some time.
Market Loves/Hates Fed Days
Article By:
Michele Schneider
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Wednesday, September 16, 2020 5:20 PM EDT
As the market did exactly as one would expect, with the run but failure to hold above the resistance levels in SPY and QQQ, it’s that time again. Or, we can call it, the continuation of the love/hate relationship the market has with the FED.
Major Pivot And Double Top On The Transports
Article By:
Gareth Soloway
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Wednesday, September 16, 2020 4:40 PM EDT
There is a major pivot and double top on the Transportation ETF (IYT) at $209.00.
Shapes Of Recovery: When Will The Global Economy Bounce Back?
Article By:
Jeff Desjardins
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Wednesday, September 16, 2020 4:28 PM EDT
Whenever the economy is put through the ringer, levels of optimism, and pessimism about its potential recovery can vary greatly. The current state mid-pandemic is no exception.
The Future Of Gold, Silver And The Dollar
Video By:
Peter Schiff
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Wednesday, September 16, 2020 4:09 PM EDT
A discussion on the state of the economy, the US Dollar, Gold, and Silver.
Fed Says No Rate Hikes Until 2023 – Dollar Buyers Unfazed
Article By:
Kathy Lien
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Wednesday, September 16, 2020 4:00 PM EDT
Although the main takeaway from today’s FOMC meeting is no rate hikes for the next 3 years, the greenback strengthened, just like it did after Jackson Hoke because none of this was a surprise.
The Big Four: August Real Retail Sales Sees Nominal All Time High
Article By:
Jill Mislinski
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Wednesday, September 16, 2020 3:28 PM EDT
Month-over-month nominal sales in August increased by 0.56%. Real Retail Sales, calculated with the seasonally adjusted Consumer Price Index, increased by 0.18%.
Fed's Blather As Expected, No Hikes Through 2023
Article By:
Mish Shedlock
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Wednesday, September 16, 2020 2:56 PM EDT
Today the Fed released statements following a two-day meeting. There were lots of statement changes but no surprises.