Featured in Richard Suttmeier’s Stock Strategies Blog on EQUITIES Magazine Website
Richard Suttmeier’s latest post,”Beige Book Details Cause Stock Market Key Reversals”, addresses Beige Book details and how it is causing stock market key reversals. It also discusses Fed Policy reigniting commodity speculation, dollar weakness, and the “Key Reversal Days” for the Dow, NASDAQ, and Transports.
The gossip columns from the twelve Fed Districts report gains in economic activity but improvements were described as small or scattered. The weakest sector was commercial real estate, with conditions portrayed as weak or deteriorating across all Districts. Many Districs went on to report weak or declining loan demand and noted further erosion of credit quality.
Furthermore, Fed Policy is reigniting commodity speculation, as the funds rate is zero to 0.25, which will likely choke off an economic recovery in 2010. The Dollar Index will remain oversold on its weekly chart this week.
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
About EQUITIES Magazine:
Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
