Book note: Why the Fed matters. A look at Invest with the Fed: Maximizing Portfolio Performance by Following Federal Reserve Policy by Robert R. Johnson, Gerald R. Jensen, and Luis Garcia-Feijooy. (Reading the Markets)

Quote of the Day

"The simple matter is that most clients know how to buy groceries, but few know how to purchase financial products."

(Cleary, Foulke and Gray)

Chart of the Day

Momentum is falling in the US equity market.