Investor’s Edge: 03/02/2016
March 2, 2016 Investor’s Edge: 03/02/2016 Listen to today’s show by clicking here.
The Morning Look
Stock Market Overview: Futures are relatively quiet ahead of Thursday’s open as investors digest Tuesday’s very strong rally and wait for Friday’s fake jobs report. Gary’s Thoughts: We are paying a lot of attention to the worst areas as they try to turn the corner. Forgot to mention that the financials also look like they are…
The Closing Look
Stocks finished well but nominally on Wednesday. Overnight, Moody’s Investors Service cut the outlook on China’s credit rating from stable to negative which bodes poorly for the global market. In the U.S. MBA Mortgage applications fell -4.8%, lower than the last reading of -4.3%. ADP, the country’s largest private payrolls company, said private employers added…
Coal Industry Burned by Crippling Regulations @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/02/coal-industry-burned-by-crippling-regulations.html
Fed: U.S. Economic Activity Expanded, but Conditions Mixed @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/02/fed-u-s-economic-activity-expanded-but-conditions-mixed.html
Abercrombie & Fitch’s 4Q Sales Rise @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/02/abercrombie-fitchs-4q-sales-rise.html
Euro zone, IMF split over how much Greece needs to reform
http://www.reuters.com/article/us-eurozone-greece-idUSKCN0W41O0
U.S. economic activity expanded, but conditions mixed: Fed
http://www.reuters.com/article/us-usa-economy-beigebook-idUSKCN0W42HK
Required Reading Of The Day
Supreme Court divided in high-stakes abortion case U.N. imposes harsh new sanctions on North Korea over its nuclear program Samarco to pay at least $5 billion in Brazil dam spill deal: source Huge quake strikes off Indonesia but tsunami warnings canceled Mexican drug lord Guzman seeks to speed up extradition to U.S.