BREAKING: Federal Judges Block Trump Executive Order Restricting Birthright Citizenship
Former Twitter Employees Have 'Advice' for Federal Workers Dealing With Elon Musk
Sean Duffy Has the Perfect Response to Hillary Clinton's Tweet Complaining About DOGE
Just Wait Until You Hear How Hamas Responded to Trump's Gaza Plans
Israel Is Gearing Up to Carry Out Trump's Gaza Plan
USAID Whistleblower Says He Was Forced to Attend DEI Boot Camp
Rubio Announces Why He's Not Going to the G20 Summit in South Africa
This University System Has Discriminatory Admissions Policies, Lawsuit Claims
Democratic Congressman So Broken by Trump He's Ranting About National Prayer Breakfast
Heartwarming: Feel-Good Story of the Year May Change How You Feel About Sunday's...
There's a Backdoor Effort in the Works That Would Undermine Trump's Executive Order
Karoline Leavitt Makes One Thing Clear After It's Revealed Legacy Media Received USAID...
This Tech Giant Just Did Away With DEI Initiatives
Parental Rights Advocate Sounds the Alarm on the State of American Education
Dismantling Democrats' Cringe-Worthy Elon Musk Tantrums
OPINION

Ignore The Fed Chatter

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement
AP Photo/Jacquelyn Martin

Equity futures have moved around in a very narrow range.  The market continues to be concerned about chatter from the Federal Reserve it is ready to discuss tapering.  Said in a different way, they are ready to discuss removing the punch bowl.  That is the last thing any investor wants to hear, even though it’s inevitable.

Advertisement

The thing is, nobody wants to deal with that this year, next year or even the year after that.  But several FOMC members have said they are open to discussions, including:

  • Harker
  • Bostic
  • Evans
  • Kaplan

Federal Reserve Vice Chairman said its too soon to think about it, which is distinctively different than discussing it.  It would seem the topic would come up anyway in the normal course of Fed business, but just a whiff of the Fed removing the punch bowl has given the market pause.

It simply is not happening anytime soon.

What is happening right now is the sharp decline in Covid-19 hospitalizations, which is great news for humanity; although, the focus has been on the sloppy initial vaccination process.  That will improve.

To see the chart, click here.

Portfolio Approach

We are adding to Technology in our Hotline Model Portfolio.


Today’s Session

Lots of attention today will be on Capitol Hill, as articles of impeachment gain momentum with reports that Senate Majority Leader Mitch McConnell is on board.  If that is true, it could change things, although a week is short period of time. 

Advertisement

Meanwhile, there is not a lot of news as we wait for earnings season to kick off on Friday.  Keep paying attention to other news, like the latest on Class 8 truck orders in December, which is one of the largest in history.

To see the chart, click here.

Make Sure to Tune in Today


Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos