Political analyst, Charles Schwab & Co., Inc. Helping investors understand how policy and politics in Washington affect the markets and your investments.
Joined June 2019
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Michael Townsend retweeted
A unanimous decision to raise the fed funds rate in September ... 16 members anticipate another increase this year
Michael Townsend retweeted
.@LizAnnSonders and @MikeTownsendCS join #MorningTradeLive and host @sam_vadas to discuss earnings, tomorrow's speech in Jackson Hole from Fed Chair Warsh, and other key issues on Capitol Hill.
📽️ The Big 🖼️ on @SchwabNetwork
teapawt.org/i/broadcasts/1kKzDPoDY…
Michael Townsend retweeted
🎥 @MikeTownsendCS shares the latest from Capitol Hill with @sam_vadas on Morning Trade Live:
▪️ Homeland Security shutdown
▪️ Next Fed chair
▪️ Iran war funding
Watch @SchwabNetwork
Affiliation Disclosure: bit.ly/affiliationdisclosure
teapawt.org/i/broadcasts/1pJkOyaXo…
Michael Townsend retweeted
This is one of the most interesting Fed meetings I’ve seen lately. You can see the wide dispersion of projections and Powell’s struggle to explain the rate path.
Michael Townsend retweeted
Fed meeting: No change to policy but outlook on economy downgraded. Two dissenting votes.
Michael Townsend retweeted
The median “dot” from the Fed’s plot suggests two rate cuts by year-end, unchanged from the March meeting. There’s a wide dispersion of views however, with 7 members projecting zero cuts this year.
Michael Townsend retweeted
Here is 90 seconds on what we are watching this week that could move the markets.
Michael Townsend retweeted
For today's Fed meeting, I'm looking for how Powell and the committee describe inflation expectations. Last time, Powell said that they are still "well anchored" but the survey data point to rising inflation concerns and 2-year swap rates are rising relative to SOFR pricing. H/T Bloomberg Intelligence
Michael Townsend retweeted
Last time U.S. import #tariffs were this high Casablanca won the Oscar for Best Picture.
Michael Townsend retweeted
Market on Close:
▪️International stock market performance
▪️Key policy issues to watch in 2025
@MikeTownsendCS and Michelle Gibley join @OJRenick on the @SchwabNetwork's Big Picture panel.
Affiliation Disclosure: bit.ly/affiliationdisclosure teapawt.org/i/broadcasts/1gqGvNlRn…
Michael Townsend retweeted
Market on Close:
▪️ Global stock markets and economy
▪️ Fixed income investing
@JeffreyKleintop and Collin Martin discuss the big picture with @OJRenick on the @SchwabNetwork.
Affiliation Disclosure: bit.ly/affiliationdisclosure teapawt.org/i/broadcasts/1gqxvNXAl…
Michael Townsend retweeted
The Fed cut rates by 25 bps, as expected. The decision was unanimous this time.
The FOMC statement had minimal changes.
Michael Townsend retweeted
For the so-called election swing states, only two (MI and NV) have unemployment rates higher than the national unemployment rate (latest state rates are as of August) ... NC, GA, AZ, and WI all have rates well below national rate
Michael Townsend retweeted
Whoa! Nonfarm payrolls rose by 254K with upward revisions to the previous two months of 72K. Big surprise on the upside. Unemployment rate down to 4.1%. Avg hourly earnings up 0.4% to 4.0%.
Michael Townsend retweeted
Here is 90 seconds on what we are watching that could move the markets this week.
Michael Townsend retweeted
"Election uncertainty" is being mentioned much more and much earlier in this cycle per company earnings calls
@economics
Michael Townsend retweeted
FOMC: No rate cut but Fed says that the door is open due to "risks to both sides of its dual mandate".