Initial Jobless Claims

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Market Opens:
Economics:
8:30am ET
Initial Jobless Claims for the week of 6/13 ...

Don’t Fight the Fed!

I know that we've mentioned this a time or three over the past decade, but one of the oldest clichés on Wall Street is "Don’t fight the Fed." The thinking is that if the FOMC is in the process of either deflating or reflating the economy, it is best to get out of their way because, in short, these guys control the money supply. This phrase may be appropriate again right now because after yesterday’s Fed meeting, it is clear that Mr. Bernanke & Co. are on the warpath and won’t rest until mortgage rates fall, lending picks up, and the economy improves.

The bears have argued that the downward spiral in the economy is unlikely to be halted any time soon because after the Fed cut rates to 0%, they ran out of ammunition. However, Mr. Ben Bernanke is proving that he may indeed be ...