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: 8.16.2016 Click Here To Listen: https://archives.warpradio.com/btr/investorsedge/081618.mp3
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…
http://www.foxbusiness.com/markets/2016/08/16/fmr-sec-chair-pitt-rips-fed-says-low-rates-are-bad-for-economy.html
http://www.bloomberg.com/news/articles/2016-08-16/google-debuts-new-chat-app-to-rival-skype-facetime
http://www.bloomberg.com/news/articles/2016-08-16/ford-aims-to-offer-fully-autonomous-ride-sharing-vehicle-by-2021
http://www.foxbusiness.com/markets/2016/08/16/dicks-deciding-how-to-use-sports-authority-name.html
http://www.reuters.com/article/us-usa-economy-idUSKCN10R18W
http://www.reuters.com/article/us-usa-airlines-idUSKCN10R1QR?il=0
Two Fed rate hikes ‘conceivable’ in 2016, September in play: Lockhart Russia uses Iran as base to bomb Syrian militants for first time Russia says Lavrov and Kerry discussed Syria deal on phone Ford plans self-driving car for ride share fleets in 2021 Exclusive: U.S. seeks Latin American help amid rise in Asian, African migrants
