Vere Special Report
Attached is a special report on the financial markets. We wanted to explain the current state of the economy and stock market valuations, which illustrates why markets are taking on more risk without equal opportunity. We hope you find this reading informative and enjoyable. Please don’t hesitate to ask us any questions you may have….
Treasurys plunge on Greece
Treasurys sold off Friday, driving yields higher for a second trading day, as the Chinese stock market found some stability and the Greek debt saga seemed closer to a resolution.
Greeks Vote Resounding ‘No’ to Bailout Terms
Greeks overwhelmingly voted against their international creditors’ conditions for further bailout aid, in a result that could deepen the rift between Greece and the rest of Europe and push the country closer to bankruptcy and an exit from the euro. More than 61% of Greeks voted “no” in Sunday’s referendum on austerity measures and other overhauls…
IMF Urging the Federal Reserve Not to Raise Rates
The IMF this morning is urging the Federal Reserve not to raise rates until 2016 due to a weaker growth forecast by the agency. That announcement has the US markets down double digits as well as several European markets.
Fed Meeting: No Change in Interest Rates
The Federal Reserve meeting was today – no change in interest rates. However, they did leave the door open for a June rate hike. In other news, GDP for the 1st QTR came in well below estimates. Estimates ranged between 1 and 2%, the actual GDP number was 0.2%. The Federal Reserve blames unusually cold…
The Fed is dropping the “patient” stance
The Federal Reserve announced today that they were dropping the “patient” stance from their statement. Also the Fed hinted that there would be no rate hike in April. Interestingly, the Fed also lowered their growth forecasts for 2015. The S&P 500 was down 0.6% on the day prior to the announcement, but it is currently…
US Posts First Negative Inflation Print Since Lehman
January CPI data was historic in that, 6 years after Lehman, the US just reported its first negative headline CPI print, with overall inflation, or rather deflation, in January coming at -0.1%, in line with expectations, and down from the 0.8% in December. The Federal Reserve has stated that these price declines are temporary and will…