‘It’s not the Fed’s job to support the market’
Market players are placing too many expectations on the central bank, warns Kenny Polcari of ButcherJoseph Asset Management.Continue →
Fed could institute a dovish rate hike to calm markets, says JP Morgan strategist
David Kelly, chief global strategist at J.P. Morgan Funds, and Kenny Polcari, managing principal at Butcher Joseph Asset Management, discuss whether FedEx's guidance warning is a bellwether for global markets ahead of the Fed's rate hike.Continue →
Tic Toc Tic Toc – T – 7 hrs…Try the Candied Pecans
Tic, toc, tic, toc….and so we wait….for ‘The Decision’…..I mean it’s like a death by a thousands cuts…..Get on with it already…..so yesterday the mkts were a bit excited in the morning…Continue →
Stop Blaming the FED – Look at What We’ve Done – Try the Shrimp Scampi
Mkts got crushed again yesterday…which was not so surprising considering that we ended Friday on the lows of the day – which always sets us up for another test lower as the mkt tries to flush out …Continue →
Investors may move to sidelines if Fed hikes rates: ETF Trends CEO
CNBC's "Closing Bell" team talks with Tom Lydon, CEO of ETF Trends, CNBC's Kenny Polcari and Rick Santelli at the CME in Chicago about Jeffrey Gundlach's comments on the market.Continue →
Will the Momo Guys Force the Issue? Keep the FED on the Radar – Feast of the 7 Fishes – #7
Stocks got smashed on Friday – the Dow losing 500 pts or 2%, the S&P gave up 51 pts or 1.9%, the Nasdaq lost 159 pts or 2.25%, the Transports lost 158 pts or 1.6%, and the Russell Small/Mid Cap …Continue →
Meng Makes Bail, Xi Cuts Auto Tariffs, US is World’s Largest Oil Producer & Mkts Surge – Feast of the 7 Fishes – #6
The mkts whipped around on Tuesday – beginning the day strong surging ahead as positive news over trade set the tone with Donny saying in his twitter“Very productive conversations happening arou…Continue →
Market trying to price in uncertainty, says expert
CNBC's "Closing Bell" team talks about today's market movement with Chris Hyzy of America’s Wealth Management Division, Kenny Polcari from Butcher Joseph Asset Management, and Rick Santelli at the CME in Chicago.Continue →
Mnuchin Makes a Date with ‘He’ – Mkts Rally – Feast of the 7 Fishes – #5
So stocks finished the day higher – the S&P ended up 4 pts, the Dow added 34, the Nasdaq tacked on 51 while the Russell gave up 4 pts. Yesterday’s headline asked “Are US Stocks Poised t…Continue →
Did the Flush happen Overnight? US Mkts Poised to Rally…Feast of the 7 Fishes – #4
And it was ugly again on Friday….or at least it ended the day that way – the Dow gave up 563 pts or 2.2%, the S&P coughed up 62 pts or 2.3%, Nasdaq lost 219% or 3% and the Russell gave up 30 p…Continue →