Tech wreck hits on lack of tax plan windfall

Wall Street did a duck and cover on their Silicon Valley darlings on Wednesday.

The FAANG stocks had an awful day as Netflix dropped 5.5%, Apple declined 4%, while Facebook, Google and Amazon all fell more than 2%. Continue reading

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New trioka at the Fed may get you(r) interest

What happens when Cerberus — the three-headed beast guarding the gates of hell — loses all of its heads?

We’ll find out early spring of next year as The Federal Reserve could be without its present Chairperson, Vice Chairperson and head of the New York Fed. Continue reading

October’s deck is stacked against stocks

The FANG stocks are losing a little altitude as Sept. come to a close.

The high-flying tech giants — Facebook, Amazon, Apple, Netflix and Google — have all seen roughly 5 percent pullback from recent highs. Apple is close to 10% down.

Continue reading

An open letter to Chair Yellen on the inflation mystery

Let me take this post to write an open letter to Fed chief Janet Yellen to explain what is going on in the US economy. It appears she needs it

At her press conference on Wednesday Yellen said of the inflation rate being suppressed. “I will not say that the committee clearly understands what the causes are of that.”

Dear Chair Yellen, Continue reading