There will be no more taper tantrums, as the Federal Reserve’s monthly bond purchases at long last came to an end, just in time for Halloween (and at least one person on Twiter celebrated appropriately).
Meanwhile, economists Googled themselves, Josh Brown gave a warning to retail investors, and financial techie Joel Bruckenstein contemplated two really big things: the mobile device market and Schwab.
On General Economic Topics:
I’m paying precisely zero attention to the midterm elections and I can’t imagine it mattering.
— Downtown Josh Brown (@ReformedBroker) October 31, 2014
25% market share… of RIAs? RT @FinTechie: Schwab Advisor Services has over $1 trillion in assets. 25% market Share
— MichaelKitces (@MichaelKitces) October 27, 2014
— Joel Bruckenstein (@FinTechie) October 7, 2014
I hope everyone starts calling the fight for market share in the #roboadvisor space, “The Robo Wars”
— Anna Narem (@AnnaNarem) October 30, 2014
Bloomberg: Consumer Confidence Rose to 7-Yr High in Oct What happens in horror movie right before guy w/chainsaw appears.
— Andy Martin (@Dollarlogic) October 28, 2014
— Justin Wolfers (@JustinWolfers) October 22, 2014
— Frank Nargentino (@FrankNargentino) October 31, 2014
— Downtown Josh Brown (@ReformedBroker) October 12, 2014
Lesson learned: Don’t confuse volatile mrkt with assumption of economic troubles. As @JohnCanally often says “S&P and GDP are not the same”.
— Burt White (@_BurtWhite) October 29, 2014
On the End of QE:
A large percentage of Wall Street has never worked in finance without QE.
— financial acrobat (@finansakrobat) October 27, 2014
— Brad McMillan (@BradMcMillanCFA) October 30, 2014
In honor of the Fed , I’m dressing up as QE man for Halloween. .. pic.twitter.com/g8RLjC86iE
— Bob Byrne (@ByrneRWS) October 31, 2014
The Fed “ended” QE, which helped banks profit. Now it has to unwind QE, which will….help banks profit. My analysis: http://t.co/OrW20tVLW2
— Heidi N Moore (@moorehn) October 30, 2014
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