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Stay up-to-date with the latest probabilities of FOMC rate moves with the CME Group FedWatch Tool.

Earlier this week, the Census Bureau released its annual report on household income data for 2015. Last year, the median (middle) household income rose to $56,516, a 5.3% increase over 2014 and a record high. Interestingly enough, median income adjusted for inflation is 2.

Many have speculated that the Federal Reserve may announce a 25 basis point rate hike when they meet next week. However, whether you think the Fed should or should not raise, with forward-looking economic data near recessionary levels, market expectations for a rate hike have fallen steeply.

Investor sentiment these days is a bit of a puzzle. When the market goes down, bullish sentiment retreats while bearish sentiment spikes. However, when the market rises, bullish sentiment stays flat. This week’s sentiment survey from AAII is a perfect example.

Citigroup’s presentation today at Barclay’s Financial Services Conference gave a powerful and straightforward message. John Gerspach, the CFO, stated very simply that Citigroup is focused on lifting its return on tangible capital (ROTC) as well as lifting the return of capital to shareholders.

In this article I will dive into industrial robotics, analyze growth drivers and risks, identify and rate sub-sectors and companies in robotics as well give a valuation overview. The term “robot” was first used in 1921, so we are not exactly looking at something completely new here.

Suggested Citation Amel-Zadeh, Amir and Faasse, Jonathan, The Information Content of 10-K Narratives: Comparing MD&A and Footnotes Disclosures (July 10, 2016). Available at SSRN: http://ssrn.

A huge part of investing is behavioral. Go through these quotes and let Charlie Munger get you back into the right frame of mind. Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

I’ve had this book on pre-order since spring and it finally arrived on Friday. I subsequently devoured it over the weekend.