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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.
Just like my analysis mention last week, the Fed does not expect a rate raise this year. The Fed chair told a congressional committee that the Fed is preparing to consider increases “on a meeting-by-meeting basis,” a subtle change that helps to lay a foundation for the central bank’s first rate hike since 2006, although
Losses in energy shares dragged the Dow and S&P 500 lower, while the Nasdaq inched higher. Dovish FOMC minutes pushed Treasuries and gold higher and dollar edged higher against a basket of currencies. Rising inventories cut oil’s rally short. Data Bellow from Thomson Reuters:
Stocks pared losses on hopes of a Greek deal, while the euro gained against the dollar. Expectations of a Fed rate hike pushed Treasury yields higher. Oil climbed on short-covering, while precious metals like gold, silver and platinum declined.
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.