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@theMarket: Stocks Bump & Grind Toward Christmas
By Bill Schmick,
03:32PM / Saturday, December 24, 2016

No surprise that stocks took a break this week. Profit-taking from the election rally has been the main theme over the last few days for investors and could continue through the New Year.

As traders desert their desks for holiday shopping (present company included), volumes have petered out as world markets experience a consolidation. Remember readers that markets can correct in two ways: a sharp sell-off or this kind of sideways movement.

Frankly, give me a good old consolidation anytime. They may be boring, but sharp declines, especially around the holidays, makes for unhappy investors and can ruin the office Christmas party. I am actually relieved that we have had the Santa

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@theMarket: Has Santa Claus Come & Gone?
By Bill Schmick,
02:02PM / Saturday, December 10, 2016

The rally continued in the stock market as investors abandoned bonds and bought stocks hand over fist. Many think the best is yet to come, since the traditional end-of-year Santa Claus rally is still ahead of us.

However, between now and then, we have the Federal Open Market Committee meeting next Wednesday. The bond market is betting on the following: that the Fed Funds rate is raised by one quarter of one percent, and the FOMC meeting minutes indicate that the Fed may raise rates two more times in 2017. Anything more than that would be hawkish and most likely cause the stock market to correct. That happened last year and cut short the Santa rally.

If the Fed's actions, on

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@theMarket: Day Traders Rule the Markets
By Bill Schmick,
11:49AM / Sunday, October 02, 2016

What a week of volatility! The Dow was up or down 100 points or more every day while the other averages were equally as volatile. Brace yourself, because October should be just as crazy.

Pick your poison: the presidential debate, fears of a global banking crisis, a spike in oil — all of them provided a field day for short-term traders. Of course to profit, one must have known who would win the debate, that OPEC would come to a tentative agreement to cut production, and that the largest bank in Germany would experience even more financial difficulties.

I wrote last week that politics would impact the markets this month. The first presidential debate saw the market drop

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@theMarket: The Same Old Song
By Bill Schmick,
06:16PM / Friday, September 23, 2016

Investors have been waiting all year for that elusive interest rate hike promised by our central bank. September proved to be another false start. Once again, markets rallied on the news, the dollar fell, and investors were happy. So what's new?

As we have written so many times in the past, investors and markets are fixated on a Fed rate hike. Now everyone's attention is on December. Janet Yellen, the Fed chieftain, indicated that she could see at least one rate hike this year — if the data warrants it. The problem is the economic numbers are, at best, inconclusive.

Even the central bank, in this last go-around at the FOMC, lowered its forecast for the future,

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@theMarket: Much Ado About Nothing
By Bill Schmick,
06:25PM / Friday, September 16, 2016

It has been a volatile week in the markets. The averages have rocketed up and down by a percent or more as traders bet for and against a Fed move on interest rates next week. Does it matter?

If you aren't tired after more than two years of reading what the Fed may or may not do, you have the patience of Job. Whether an interest rate hike happens next week during the FOMC meeting or in December should not mean much to the market. But it does.

When fully 70 percent or more of daily trading activity is now in the hands (or keyboards) of high-frequency traders (HFT), short-term moves are where they make most of their money. During the summer months, they practically starved to

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