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.
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:
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.
We are adding to Technology in our Hotline Model Portfolio.
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.
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.
Make Sure to Tune in Today
Lorin K on 1/13/2021 11:03:15 AM
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Reuben VELEZ on 1/13/2021 1:18:28 PM
|You have the best business show on FBN. Am happy to watch everytime I have the chance.|
Don Allen on 1/13/2021 3:15:26 PM
|Thank you so much Don. CP|
Charles Payne on 1/13/2021 3:48:13 PM
|Charles We need you to use your access to the masses to wake these what-ever? "generation?", if We allow twitter, amazon, you tube, facebook, etc.... to silence anyone, for the reasons, it is evident they certainly are, "IT WILL BE GOOGLE, AT&T, VERIZON, AND THOSE OF LIKE-KIND, THAT JOIN IN AND ULTIMATELY DETERMINE WHO HAS EMAIL, WHO HAS WIFI, AND EVEN WHO HAS PHONE SERVICE, AND WHO DON'T HAVE THESE SERVICE'S", The very Freedom millions of American's have and continue to die for ! Please Encourage peaceful engagement & participation against these "Democratic Lop-sided Discourse thats currently taking place. Thanks Buddy, Your a Good Man!|
Thomas Harris on 1/14/2021 12:23:21 AM
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