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| By Jim Nelson |
This week played out pretty much as expected. Going into Wednesday’s Federal Reserve decision on interest rates, 99% of traders had priced a hike in already.
They were right.
The Fed raised its benchmark target rate to between 5.25% and 5.5%, the highest since 2001. It also marked the 11th increase since early last year.
Yesterday, a new wage report from the Labor Department showed wages and salaries grew at a slower pace in the most recent quarter. This is one of the main gauges the Fed uses to make its rate decisions.
It’s too early to tell what the Fed will do at its next “live” meeting in September, however.
Trading was a little choppy following this “news.” Thursday gave traders whiplash with prices first rising much higher, then sharply declining in the afternoon. Friday morning brought prices back to pre-Fed-announcement levels.
The market remains headed in the same direction despite a big news week.
In fact, when looking at a larger picture of the market, we are enjoying a nice summer as investors:
Click here to see full-sized image.
This is great for now. But as our income and safe money expert Nilus Mattive told us a few weeks ago, “we’ve seen plenty of autumn bloodbaths in the past.”
That’s not to say Nilus or any of us at Weiss Ratings are doomsayers. In fact, there have been plenty of upbeat ideas coming from our stable of market prognosticators.
Here’s what you may have missed this week in Weiss Ratings Daily:
Choosing B2B vs. B2C in Startup Hunting
Our private-equity expert Chris Graebe shared his answer to one of the most-often-asked questions he hears in his corner of the market. He also explains how each type of startup differs and what to look for when deciding on one.
Pump Up Your Profits in the Next Big Oil Boom!
Sean Brodrick shares a shocking chart on the U.S. Strategic Petroleum Reserve. He also lays out the case for a boom in oil. Finally, he shows you exactly how to play it, all while collecting a solid dividend yield.
Don’t Miss Out Because of “Cash Drag”
Have you ever felt like you were missing out on a rally despite having a solid portfolio of winners? Jon Markman says one of the reasons might be “cash drag.” He diagnoses this problem and offers specific solutions to fix it.
Don’t Miss the Weiss Ratings “A” Stocks List
Our Director of Research & Ratings Gavin Magor finishes the week with why you should consider your stock selection like an NFL coach during training camp. He even shows you how exactly to do that with our Weiss Stock Ratings. It works for ETFs and mutual funds as well.
That’s it for this week. We hope you are enjoying your weekend!
Until next time,
Jim Nelson
Managing Editor
Weiss Ratings Daily
