2,000point drop from the recent low. Todays climb was helped by a rise in oil prices and continued enthusiasm. Following yesterdays fed decision to alter its Interest Rate hike forecast. The Dow Jones Industrial average gained 155 points to 17,481. Nasdaq added 11. The s p 500 briefly positive for the year too climbed 13. So while there are a number of things working in the markets favor there are also a host of things that arent. It was another up day, this time on the weak dollar. Yet a lot of skepticism. Whats the problem . Heres the good news. What some are calling the goldilocks market. First theres no recession in sight. Second, Interest Rates are low. Third, inflations up a little bit but not significantly. And most importantly, the jobs market is in good shape. Given that, why does the market continue to have such a tentative feel to it . And why did janet yellen seem to reflect that tentative feel . It seems to go beyond the somewhat boiler plate statement that Global Economic
2,000point drop from the recent low. Todays climb was helped by a rise in oil prices and continued enthusiasm. Following yesterdays fed decision to alter its Interest Rate hike forecast. The Dow Jones Industrial average gained 155 points to 17,481. Nasdaq added 11. The s p 500 briefly positive for the year too climbed 13. So while there are a number of things working in the markets favor there are also a host of things that arent. It was another up day, this time on the weak dollar. Yet a lot of skepticism. Whats the problem . Heres the good news. What some are calling the goldilocks market. First theres no recession in sight. Second, Interest Rates are low. Third, inflations up a little bit but not significantly. And most importantly, the jobs market is in good shape. Given that, why does the market continue to have such a tentative feel to it . And why did janet yellen seem to reflect that tentative feel . It seems to go beyond the somewhat boiler plate statement that Global Economic
2,000point drop from the recent low. Todays climb was helped by a rise in oil prices and continued enthusiasm. Following yesterdays fed decision to alter its Interest Rate hike forecast. The Dow Jones Industrial average gained 155 points to 17,481. Nasdaq added 11. The s p 500 briefly positive for the year too climbed 13. So while there are a number of things working in the markets favor there are also a host of things that arent. It was another up day, this time on the weak dollar. Yet a lot of skepticism. Whats the problem . Heres the good news. What some are calling the goldilocks market. First theres no recession in sight. Second, Interest Rates are low. Third, inflations up a little bit but not significantly. And most importantly, the jobs market is in good shape. Given that, why does the market continue to have such a tentative feel to it . And why did janet yellen seem to reflect that tentative feel . It seems to go beyond the somewhat boiler plate statement that Global Economic
Lot of standing and cooling water as we moved into the city. We caught up with people in the neighborhood, especially a group from richmond who were helping a relative move. The water pooled so quickly that every time they tried to venture out, they were driven back. It was really coming down when we arrived, it has left up. It just keeps coming in waves, we have seen it come and go. One bit of positive news from this neighborhood, i have been covering the storms in the flooding here for two decades and the locals told me that usually with rainfall like this, they would be inundated. The city has spent a lot of time, effort, and money trying to improve drainage and it is apparently working. Looks like we can take it away. In rosslyn and in the front see pat for the airport we it overhead but we never hear the airplanes. Today we heard plenty. Outside we shot this video at around 1230. The folks were running for cover , we had more on this storm damage in virginia coming up. Dont go awa