How will this impact the real estate market? provided by Los Angeles Financial Planner, Rose Greene, ® The Fed pulls out of the mortgage market. On March 31, 2010, the Federal Reserve halted its 15-month-long program to buy up toxic mortgage-linked securities.1 Of all the things the Fed did to try and heal the economy [...]
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Federal Reserve
“Volatility Ahead” Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial The volatility and classic 5-10% pullback we have seen so far this year is perfectly normal and very likely to be a recurring pattern throughout 2010 as the economy transitions from recovery to sustainable growth. A key contributor to the volatility that [...]
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By Jeffrey Kleintop, CFA Chief market Strategist LPL Financial Events and data in recent weeks have prompted market participants to view the tailwinds that caused the markets to go sailing higher for much of 2009 as beginning to fade. They now view them as having become more balanced with the rising headwinds associated with increasing [...]
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LPL Financial Weekly Economic Commentary for February 22, 2010
by Rose Greene, CFP on February 24, 2010
“Watch Your Step” John Canally, CFA Economist LPL Financial Monetary policy took center stage last week, as the Federal Reserve (Fed) took another step toward normalizing monetary policy by raising the discount rate. Aside from another disappointing reading on jobless claims, the week’s economic data on the housing and manufacturing sectors came in better than [...]
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