Fed Minutes Fail to Goose the Dow Ahead of Tomorrow’s Jobs Report

Investors may be worried about the job market, again

Jan 9, 2014 at 12:02PM

The Dow Jones Industrial Average (DJINDICES:^DJI) is still sulky today, down 0.30% at noon EST, after the release of minutes from the Federal Open Market Committee's December meeting showed the Fed's continued concern over ultra-low inflation, but offered little information than the markets didn't already know. Investors may be a little sensitive today regarding the economic recovery -- and how it will affect the tapering of quantitative easing -- as they await the release tomorrow of the Bureau of Labor Statistics' unemployment report for December.

The Department of Labor issued its report on weekly jobless claims earlier today, noting a drop of 15,000 in initial applications for last week. The total number of claims was 330,000, in line with the expected 331,000.

Bloomberg's Consumer Comfort Index showed an almost jubilant American consumer greeting 2014, with a print of minus 28.4, compared to the year-ago reading of minus 34.4. More respondents noted an increased interest in shopping, a definite good sign for the economy.

A dull day for financials, too
Big banks are taking a hit today, too, with both JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS) down about 0.70% at noon. Nomura Securities initiated coverage on both banks today, giving each a neutral rating due to regulation-induced constraints on fixed-income revenue going forward.

With earnings season in the offing, Bloomberg noted today that the nation's six largest banks will likely take a hit in earnings because of settlements and legal expenses. JPMorgan leads the pack with more than $11 billion of the combined $18 billion put aside by the group in the first three quarters of 2013 to deal with such matters.

In other big-bank news, regulations regarding advisers to the municipal bond market are on their way in an effort to protect states and municipalities from some of the excesses that occurred prior to and during the financial crisis. New rules will require advisers to public officials raising money in the muni bond market to disclose conflicts of interest, as well as ban them from pushing deals that are counter to the interests of those clients.

Included in the list of firms that would be affected by these new regulations are, of course, JPMorgan Chase and Goldman Sachs.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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