Buzz on Business

Stock Market Swoons After Fed's Kashkari Throws Cold Water on Rate Cuts

William Walsh
Minneapolis Federal Reserve Bank President and member of the Fed’s Board of Governors, Neel Kashkari, spoke a little truth to power yesterday and se...

Bitcoin Soars, Stocks Stall: A Sign of Things to Come?

William Walsh
Stocks traded in a narrow range to finish mixed on Monday as volume falls again. Is it that traders are on the sidelines awaiting the PCE data due out...

Will We See Rate Hikes Instead? Inflation Surprises, Stocks Recoil

William Walsh
If you thought that rate cuts were coming, maybe in March, but surely no later than May. If you thought that the stock market was just a series of ste...

Green Numbers, Grumpy Mood: William Walsh Questions the Market Rally's Heart

William Walsh
A mile wide and an inch deep. That's what support for this market looks like—feels like—to us. The major indexes gapped up at the open on Wednesda...

Market Searching for Direction: But No News This Week

William Walsh
On Monday, stocks were down, not a whole lot, but it was a down day. Interestingly, the semiconductors were up. Yesterday, stocks were up, not a whole...

Mixed Markets, Muted Earnings, and the Fed Looms Large

William Walsh
Most days, the various indexes move, more or less in lockstep. One is up; they’re all up. One is down; they’re all down. When that’s not the cas...

3M Pushes Dow Down Despite Earnings Beat: Wall Street's Never-ending Game of Expectations

William Walsh
The 3M Company ruined what otherwise was a pretty good day for the markets on Tuesday. The stock got crushed, dropping almost 12% on the day and pulli...

"Beats Me": William Walsh Grapples with Market's Defiance of Bad News

William Walsh
All of us here at the Ministry of Truth were gathered ‘round the Telescreens, eagerly awaiting the inflation numbers that were released at 8:30 am E...

Crypto Green Light: SEC Approves Bitcoin ETFs Amidst Twitter Hacks

William Walsh
At long last and after fighting it tooth and nail for years and years, the Federal Agency responsible for regulating the financial markets, the Securi...

Whirlwind Wednesday: Inflation Data, FOMC Meeting, and a Market Party for the Ages

William Walsh
The Producer Price Index came in below expectations yesterday morning. This contrasts with the Consumer Price Index, which exceeded expectations by ju...

Stocks Shake Off Inflation Surprise, March Toward Records

William Walsh
Inflation came in higher than expectations on Tuesday. As we have said many times, Wall Street is an expectations game, but stocks shrugged off the in...

Financial Animal

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