News on Stocks in Our Portfolios
Suncor
EPS of C$0.95
Suncor
(SU):
Q3 EPS of C$0.95 vs. C$0.84 last year.
|
ConocoPhillips beats by
$0.02
|
Murphy Oil misses by
$0.12
|
Economics
This Week’s Data
The
FOMC wrapped up its latest meeting yesterday afternoon. The subsequently released statement
discussing policy did not vary that much from its predecessors: economy
continues to improve, inflation is under control, no change in the Fed Funds
rate, no tapering. However, it did
remove the ‘tightening financial conditions’ statement ("but the tightening of financial conditions
observed in recent months, if sustained, could slow the pace of improvement in
the economy and labor market..") suggesting less need for ease---hence, the
market sell off.
Weekly
jobless claims fell 10,000 versus expectations of a 15,000 decline.
Other
Politics
Domestic
Martin Feldstein
on Obamacare (medium):
If
you thought you had seen the low in the big government takeover of the
economy.......................watch this (2 minute video and a must watch):
The
GOP embraces the welfare state (long):
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