Average Annualized Return Per Closed Trade: 28.6% Average Return Per Closed Trade: 22.8% Average Holding Period: 298 days For the first time since late 2008, the federal funds rate no longer sits at rock-bottom levels. As expected, the Federal Open Market Committee (FOMC), chaired by Janet Yellen,… Read More

Today, the Federal Open Market Committee (FOMC) announced that the U.S. Central bank will at long last raise the Fed Funds rates, a move that was largely expected. This starts a hike in the short-term interest rates, by 0.25 percent, the first increase since 2006, after keeping interest rates at… Read More

Average Annualized Return Per Closed Trade: 28.6% Average Return Per Closed Trade: 22.8% Average Holding Period: 298 days The Federal Open Market Committee (FOMC) will convene next week and on Wednesday afternoon will announce the next leg of its monetary policy. The burning question on the minds… Read More

In its meeting late last week, OPEC failed to agree on a new production quota, effectively allowing its members to continue to pump oil at their current, historically high, levels of about 31.5 million barrels per day. Although some members of the cartel, led by Venezuela, pushed to reach consensus… Read More

The U.S. stock market finished strongly in an otherwise essentially breakeven week. Earlier in the week, hawkish comments by Fed officials as the next and final 2015 Federal Open Market Committee (FOMC) approaches, plus a disappointing expansion of quantitative easing in Europe, forced the market decidedly down. However, today’s good… Read More

Earlier this week, the executive board of the International Monetary Fund (IMF) voted to approve the inclusion of the Chinese renminbi (aka the yuan) in the Special Drawing Rights (SDR), a basket of currencies used to supplement the official reserves of IMF member countries, who can exchange their allotted SDRs… Read More

Average Annualized Return Per Closed Trade: 28.6% Average Return Per Closed Trade: 22.8% Average Holding Period: 298 days Read More