Markets are poised to ride the Fed doves even higher today
For <i>Breakfast with Benjamin</i> today: Stock climb to continue. Plus: Loving and hating the strong dollar, China sets up for a currency fight, more spooky details in the JPMorgan hack attack, Pimco's slippery marketing gambit, short-sellers bet on the rally, and drones shape up as niche investment strategy.
- The Fed-minutes rally could have legs. The market is loving the dovish tone related to the stronger dollar and the weaker global economic outlook. More economic data out today, and more earnings
- Putting the strength of the dollar in perspective. Less pain at the pump, but multinationals will suffer. The viscous cycle ultimately has to come back around to hit the consumer. Americans are taking the rising dollar in stride for now
- Meanwhile, China looks poised to duke it out in a full-blown currency war. A strong dollar could catch the U.S. flat-footed. 'A major, slow-motion shock for the world and financial markets'
- JPMorgan hack attack was just the tip of the iceberg. The threat extended to more than a dozen other major financial firms. Warning signs in firewalls
- Pimco's slippery comparisons between Bill Gross and Dan Ivascyn could trip up less-savvy investors. It has the markings of a misleading and desperate marketing ploy. Comparing two funds that play in different areas of the bond market
- Heavy short covering leading up to yesterday's big stock market rally shows a lot of confidence in the strength of this bull market. BBY, FFIV, BRK-B
- The FAA's approval of drones on movie sets could create a unique sub-category of promising drone stocks. NOC, AVA, LMT, SAIC, TXT, GD