Stocks were relatively quiet on Monday as the market paused to digest the very strong rally we have seen since the Feb 11th low. Apple unveiled a few new (lower priced) products which are aimed at capturing a broader audience. In other news, Starwood Hotels and Resorts ($HOT) accepted a higher offer from Marriott International Inc ($MAR)….
MARKETS GO COAST TO COAST” By Gary Kaltbaum March 21,2016 Greetings from Beijing. Fascinating place. The Kaltbaum bucket list continues to get checked off. Yesterday, we visited Tiananmen Square, the Temple of Heaven and the Forbidden City. Humongous, expansive and spectacular architecture come to mind. Today, we hit the Great Wall and Summer Palace. To…
https://video.foxbusiness.com/v/4807439430001/are-entitlements-slowing-down-the-economy/?#sp=show-clips
http://www.foxbusiness.com/features/2016/03/18/cheerios-maker-general-mills-to-label-gmos-in-u-s-products.html
https://video.foxbusiness.com/v/4807248932001/is-economy-worse-than-what-voters-fear
http://www.foxbusiness.com/features/2016/03/18/menswear-brands-capitalize-on-sweaty-march-madness-coach.html
http://www.reuters.com/video/2016/03/18/futuristic-prototype-promises-low-cost-s?videoId=367783726&videoChannel=118169
Plane crashes in Russia, all 62 on board killed Five killed, 36 wounded in suicide bombing in central Istanbul Captured Paris attacks suspect moved from Belgian hospital to jail Dozens killed in air strikes on Syria’s Raqqa: monitor, activists U.S. wrestler Hulk Hogan wins $115 million in sex-tape suit Bangladesh seeks FBI’s help in investigating…
The S&P 500 turned positive on the year, is only 3.9% below its record high, and has surged 13.4% over the past 6 weeks (since the Feb 11th low)! Interestingly, that is around the same percent gain the S&P 500 rallied in late September 2015-November 2015. We’ll see if this time is different. The big take-away this…
