RMR Wealth Management Blog

Market Commentary by Ryan C. Rogers

RMR Wealth Management - Monday, April 30, 2012

Positive earnings pushed stocks higher despite a weaker than expected Gross Domestic Product (GDP) report.  Many believe week economic data will fuel the Fed to provide another round of Quantitative Easing(QE).  This week has several economic indicators due for release.  Monday release of Personal Income, Personal Spending, The Chicago Purchasing Managers report, and the Dallas Fed Manufacturing report.  All eyes with focus on Friday when the Monthly Jobs Report is scheduled to be released.  Earlier this morning it was reported Spain fell back into a Recession and S&P downgraded most the the country's banks.  The week will also see many U.S. corporate earnings releases. 

Ryan C. Rogers

RMR Wealth Management, LLC

One Battery Park Plaza

31st Floor

New York, NY 10004

www.rmrwm.com

http://twitter.com/#!/RyanCRogers1

 

 

 

Fed Chief Bernanke Q&A bullets by Ryan C. Rogers, RMR Wealth Management

RMR Wealth Management - Thursday, April 26, 2012

Bernanke: believes market will price in end of operation twist before the end arrives.

FOMC Press Release Update by Ryan C. Rogers, RMR Wealth Management

RMR Wealth Management - Wednesday, April 25, 2012

FOMC Press Release

 

Release Date: April 25, 2012

For immediate release

Information received since the Federal Open Market Committee met in March suggests that the economy has been expanding moderately. Labor market conditions have improved in recent months; the unemployment rate has declined but remains elevated. Household spending and business fixed investment have continued to advance. Despite some signs of improvement, the housing sector remains depressed. Inflation has picked up somewhat, mainly reflecting higher prices of crude oil and gasoline. However, longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects economic growth to remain moderate over coming quarters and then to pick up gradually. Consequently, the Committee anticipates that the unemployment rate will decline gradually toward levels that it judges to be consistent with its dual mandate. Strains in global financial markets continue to pose significant downside risks to the economic outlook. The increase in oil and gasoline prices earlier this year is expected to affect inflation only temporarily, and the Committee anticipates that subsequently inflation will run at or below the rate that it judges most consistent with its dual mandate.

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.

The Committee also decided to continue its program to extend the average maturity of its holdings of securities as announced in September. The Committee is maintaining its existing policies of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate to promote a stronger economic recovery in a context of price stability.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Sarah Bloom Raskin; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who does not anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate through late 2014.

Office of Federal Housing Enterprise Oversight (OFHEO) Resource Information by Ryan C. Rogers, RMR Wealth Management

RMR Wealth Management - Wednesday, April 25, 2012

Office of Federal Housing Enterprise Oversight (OFHEO)

http://www.ofheo.gov

Site provides interesting indexes and other information related to house prices

 

Federal Reserve Economic Data Information Resource by Ryan C. Rogers, RMR Wealth Management

RMR Wealth Management - Wednesday, April 25, 2012

Federal Reserve Economic Data

http://research.stlouisfed.org/fred2/

A widely used source of economic data that is hosted by the Federal Reserve Bank of St. Louis

 

Follow Ryan C. Rogers, RMR Wealth Management on Twitter

RMR Wealth Management - Thursday, April 12, 2012
Follow Ryan C. Rogers, RMR Wealth Management on Twitter http://twitter.com/#!/RyanCRogers1

Market Update by Ryan C. Rogers

RMR Wealth Management - Tuesday, April 10, 2012
Earnings season kicks off today after the close with Alcoa, Inc. (AA) NYSE.

IPO Market Update by Ryan C. Rogers

RMR Wealth Management - Tuesday, April 10, 2012
Reports of Facebook, Inc. (FB) planning initial public offering (IPO) the week of May 16 or May 23.  Facebook announced last week it has chosen the Nasdaq over the New York Stock Exchange (NYSE) to list the deal.  The company has filed a $5billion offering, but many believe they will raise closer to $10 billion.  Morgan Stanley will be the lead underwriter with JP Morgan, Goldman Sachs, Bank of America and many other banks participating.

Market Update by Ryan C. Rogers

RMR Wealth Management - Tuesday, April 10, 2012

US equity markets down across the board.  European equity markets close decidedly in the red.


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