BEN AT WORK
Those that don't may be shunted to the side and quickly forgotten, but with volume still incredibly light, POMO has a greater impact certainly. Monday featured another
which lifted stocks almost immediately off their lows. A coincidence? Hardly. This rally has been "Fed fed" since September as Ben has stated he "wants" higher stock prices. Fed governor Janet Yellen stated Monday in a speech she expects the $600 billion QE2 program to continue until June -- so print away!
Earnings are on tap and they could be great. Guidance and outlooks will be more important since no doubt all companies will "beat" and report "better than expected" reports.
Markets are more U.S. focused then we've seen in awhile as troubles continue to plague the euro zone, economic issues linger in Asia and emerging markets in general.
After the close, Alcoa reported earnings that beat on headline operating earnings but good luck wading through all the charges.
Stocks were down sharply early and then came off their lows after POMO was announced and results posted. Also Yellen's speech continued to give a green light for bulls. Breadth was flat to mixed with tech outperforming.
Continue to U.S. Sectors, Stocks & Bonds
BONDS IN FOCUS
We're talking about bonds and to hear some cynics talk government bonds may become too abundant and worth something only to collectors.
With the developed world awash in baby boomers, they're becoming a yield-hungry bunch. This isn't lost on ETF providers and the following is a dozen or so representative issues with some data history.
Continue to Concluding Remarks
Those are enough bonds to keep you clipping coupons one would think. We could have posted some preferred, high dividend, REITs and utilities but we'll save those for another day.
The focus now is on earnings which will start to rollout like a flood soon enough. Until that major impact occurs we'll sneak-in some bond issues for now.
Let's see what happens. You can follow our pithy comments on
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