#FED DAY Results:$SPX: – .8%$NDX: -.3%$DJIA: -.6%$GLD: -1.4%$TLT: -1.1%
— StockTwits (@StockTwits) December 14, 2016
They also indicated they see a brightening economic outlook and expect to raise short-term rates next year by another 0.75 percentage point—likely in three quarter-point moves.
Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017 – (Wall Street Journal)
We created an infographic for “Your Guide to Rising Interest Rates. Which Investments Spike when the Fed Hikes?”
Infographic: Your Portfolio Guide to Rising Interest Rates – (RCM’s Attain Alternatives Blog)
Investors look to make quick profits during isolated periods of market tumult
The Volatility Paradox: Calm Markets but Soaring ‘Fear Gauge’ Trading – (Wall Street Journal)
Hawaii’s sugar industry attracted immigrant labor from East Asia and Europe and helped develop Hawaii’s multicultural population, scholars have said.
Sugar plantation owners played a large part in the 1893 U.S.-backed overthrow of the Hawaiian monarchy and the subsequent 1898 annexation of Hawaii as an American territory, which the federal government acknowledged and apologized for in 1993, calling the overthrow “illegal.”
Hawaii’s Last Sugar Plantation Finishes Its Final Harvest – (NBC News)
This week on Masters in Business we speak with Michael Lewis, author of such classics as “Liar’s Poker,” “Moneyball,” “The Big Short,” “Flash Boys” and the just-published “The “Undoing Project” (see my review here).
Michael Lewis and the Writer’s Life – (Bloomberg View)
Today, the United States Department of Agriculture (USDA) is taking some major steps forward to protect farmers – including swine, beef cattle, and especially poultry growers – from unfair treatment by the often much larger processors who purchase their fully grown hogs, cattle, and chickens.
Three USDA Actions to Help Farmers Get a Fair Shake, Explained – (The White House)
