I couldn’t find anything from today’s FOMC that was so unexpected and triggered the sell-off of the euro against the dollar. We all know that there is one more hike this year, and the Fed is going to sell its bond holdings. There is not a thing in the announcement…
Month: September 2017
What to Do When Unexpected Expenses Happen?
It is great if you have the emergency funds set aside and the funds are enough to cover the unexpected expenses. What if you don’t or your funds are not enough? Typically, our immediate reaction is charge it on the credit card and worry about it later. Don’t delay if…
The Euro Tumbled and Bond Yields Soared after the FOMC Rate Decision
Update: 3:54 PM, 9/20/2017 No worries. The stocks recovered from the losses triggered by the Fed announcement. No harm done. Another new record from Dow. Just buy, buy, buy. The announcement from the Fed was as expected, but the market reaction was surprising. The Fed will raise the interest rate…
Insurance Stocks Are Among the Top Performers
Although we had Harvey and Irma, they could not stop the insurance stocks from soaring. Allstate is up 23% year to date. Progressive Insurance is even more impressive. Its stocks are up about 34% year to date.
Possible Merger: T-Mobile and Sprint
This is bound to happen eventually. T-Mobile is going to offer free Netfix to both existing and new T-Mobile customers and to both those who already have a Netflix account and those who don’t. T-Mobile also offers one-hour free Gogo in-flight Wi-Fi per flight. You can get one-hour free in-flight…