Art Cashin

Art Cashin On The History Of Friday 13th In The Markets

In his daily note, everyone's favorite veteran floor trader, UBS' Art Cashin, reprises the history of Friday the 13th in the markets, and finds that it is far less scarier than some may believe, and in fact has a mild upward bias as it is up 55% to 60% of the time. There are, however, accidents, and on Friday, October 13, 1989, the attempted LBO of UAL collapsed and the Dow plunged 190 points, equal to 860 points today.

"Less Room To Run" - What Wall Street Is Paying Attention To In Today's Fed Statement

When it comes to today's Fed decision, there is little doubt: a 25 bps rate hike, the first in 2016 and only the second since the financial crisis, is now assured: all 103 Bloomberg-surveyed economists expect a 25bp increase, and the market agrees pricing in a 100% probability of a rate hike. So what does matter? Here is a selection of sellside opinions, summarizing they key things to watch for in today's FOMC statement.