The Closing Look
On Tuesday, the market ended lower after the Yen rallied sharply overnight. The Yen is considered a risk-off asset class and tends to do well when stocks (risk-on) fall. Economic data was light. The Consumer Price Index (CPI) was unchanged which matched estimates and continues to show inflation remains a non-event right now. Elsewhere, housing…
Listen to Tuesday’s Investor’s Edge Radio Show
Listen to Tuesday’s Investor’s Edge Radio show: 8.16.2016 Click Here To Listen: https://archives.warpradio.com/btr/investorsedge/081618.mp3
The Morning Look
Market Update: Stock futures are mixed to slightly lower ahead of Wednesday’s open as the market continues pulling back from record highs. Gary’s Thoughts: You mean retail actually goes down on bad numbers…TGT,LOW hit…but PLCE,URBN up nicely. Economic Data: Bank Reserve Settlement MBA Mortgage Applications 7:00 AM ET Atlanta Fed Business Inflation Expectations 10:00 AM ET EIA Petroleum Status…
Fmr. SEC Chair Pitt Rips Fed Over Economy @FoxBusiness
http://www.foxbusiness.com/markets/2016/08/16/fmr-sec-chair-pitt-rips-fed-says-low-rates-are-bad-for-economy.html
Google Takes Aim at Apple’s FaceTime
http://www.bloomberg.com/news/articles/2016-08-16/google-debuts-new-chat-app-to-rival-skype-facetime
Ford Aims to Offer Fully Autonomous Ride-Sharing Car by 2021
http://www.bloomberg.com/news/articles/2016-08-16/ford-aims-to-offer-fully-autonomous-ride-sharing-vehicle-by-2021
Dick’s Deciding How to Use the Sports Authority Name @FoxBusiness
http://www.foxbusiness.com/markets/2016/08/16/dicks-deciding-how-to-use-sports-authority-name.html
U.S. inflation tame as economy gains momentum
http://www.reuters.com/article/us-usa-economy-idUSKCN10R18W
U.S. senators quiz airlines on IT systems after Delta disruption
http://www.reuters.com/article/us-usa-airlines-idUSKCN10R1QR?il=0