This headline caught our attention and can’t be good… They are not the only big bank with exposure to this troubled sector… “JPMorgan said it is adding $500 million to the $815 million cushion against loans in the energy sector” No position…
About Gary Kaltbaum
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Entries by Gary Kaltbaum
Stanley Fischer, Vice Chairman of The Federal Reserve, said last night that no one in the world, including policy makers, know what the Fed will do at it’s next meeting in March. Fischer said it is too early to assess the impact of market volatility. Fischer also hinted that the Fed has looked at negative rates but […]
Stock Market Overview: Futures are down ahead of Wednesday’s open as the market continues digest it’s strong rally off the Feb 11th, near term low. During that time, the benchmark S&P 500 soared nearly 7% which is not an insignificant sum. Remember, moves of that size typically happen during bear, not bull, markets. Gary’s Thoughts: […]
Greece rages at neighbours as fears migrants could be halted Syrian govt. accepts halt to ‘combat operations’ in line with U.S.-Russian plan Wall Street falls more than 1 percent as crude extends losses Michigan Senate approves $30 million to help pay Flint water bills Plastic in Snickers bar prompts Mars recall in 55 countries
Stocks fell on Tuesday after the major indices rallied right into their declining 50 day moving average lines on Monday. This is a logical area of resistance and as we have mentioned a logical area for the market to encounter some trouble. Oil prices fell hard on Tuesday after Saudi Arabia said they do not […]
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- RADIO SHOW 1/17January 17, 2018 - 9:00 pm
- PRE MARKETJanuary 17, 2018 - 9:07 am
Don’t worry about a nasty, high volume reversal. We’ll just gap it up the next day. Strong open awaits. I will stay silent about it except to say: I have been taught and have studied that changes in trend often occur with violent action after a large drop in price or after a large rally […]
- RADIO SHOW 1/16January 16, 2018 - 10:33 pm