Month: September 2016

Stocks rallied on Thursday after the latest round of mostly disappointing economic data was released. The big miss came from retail sales, they fell -0.3% last month, missing estimates for an unchanged reading. Elsewhere, Jobless Claims came in at 260k, lower than the Street’s estimate for 265k. The Producer Price Index (PPI) came in flat which was…

Stocks ended mixed on Wednesday as oil prices fell another 3%. Economic data was relatively light. Import prices fell -0.2% last month and economist’s were expecting a decline of -0.1%. Over the past year, import prices slid -2.2%, which was the smallest decline since October 2014. In other news, shares of Apple Inc. (AAPL) broke…

5 Things you may not know: Today is the eight year anniversary of Lehman Brothers filing for Chapter 11 bankruptcy protection in what still is the largest bankruptcy filing in US history. It is said that this default started the maniacal Bernanke’s and then the rest of the world’s dive into the depths of easy money,…

Market Update: Stock futures are a little higher ahead of Thursday’s open as investors digest a volatile week on Wall Street. Gary’s Thoughts: Futures up a wee bit. Apple gets numbers raised as the stock is back in favor for the first time in since summer of 15…but still decently below old highs. Again, short term damage…