Wednesday, June 22, 2016

This Major Company Just Pulled Guidance

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*Janet Yellen and company said they are no longer going with forward guidance.
*Did you ever see what happens to a company that pulls forward guidance?
*That gets an official rating of Uh-Oh.
Janet Yellen, when speaking to congress June 21st was asked about the Fed's loss of credibility. Her answer was powerful. She said they are using expectation "less" and "not relying on forward guidance."
These are incredible words.
Not because of data dependence
We've reported multiple times that the Fed, this year has been incredibly indecisive (here and here). Many have said that is a function of a Fed mandate of data dependence. Data dependence is a recently designed Fed term. It is an official way of saying "we do not know which way things are going."
Yellen's most recent testimony, however, is much worse than "data dependence."

Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principle especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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