S&P500 final target @ 2490.21 ?

According to Sir John Templeton,  “ Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” Clearly, we are between optimism and euphoria fueled by the fantasy that President-elect Donald Trump…

Transparent Janet is Imprisoned by a Dilemma of Her Own Making

An unusual Steen’s Chronicle today… as I will share the piece with my friend Professor Mark M McNabb, PhD, CFA from Wake Forest University….Mark and I had exchange on how the Fed has become utterly predictable….here is Mark’s take…

Fed comment : Very dovish Fed

FED - Very dovish text and update from Fed.. Fed backed down on 2016 and 2016 dots and finally acknowledge that employment growth has slowed. Two charts attached: Text comparison - note how Fed "holds on" to improvement in GDP despite…