On Thursday, stocks opened lower after the latest round of economic and earnings data was released. Before the open, Wal-Mart ($WMT) beat by 10 cents but that came after the retail giant lowered guidance several times in the past year. Economic data was mixed, jobless claims fell by 16k, to 278, missing estimates for 275k….
On Wednesday, stocks were higher but fell after the Fed released the minutes of its latest meeting. The minutes showed the Fed would entertain a potential June rate hike if economic conditions improved. The USD rallied hard on the news and a slew of commodities fell. Financial stocks were bid higher all day after the bulls…
“RATE HIKES? AND THE KNICKS WILL WIN THE NBA TITLE!” By Gary Kaltbaum May 19,2016 Headline: “In a clear message to the market, the Fed says rates may rise again in June.” Say what? Clear message? What clear message? Wasn’t it just a few weeks ago these same people said they were worried about international issues and had to stand…
Highlights: 1. Market Wrap 2. Gary takes an in-depth look at the Fed and the Fed minutes for you 3. Gary talks big financials
http://www.foxbusiness.com/politics/2016/05/18/trump-adviser-sessions-meets-with-top-conservative-economists.html
http://www.foxbusiness.com/politics/2016/05/18/trump-releases-scotus-nominee-picks.html
http://www.reuters.com/article/us-fiatchrysler-recall-idUSKCN0Y92O2?il=0
http://www.reuters.com/article/us-alphabet-conference-idUSKCN0Y92HX
http://www.bloomberg.com/view/articles/2016-05-18/germany-is-very-very-tired
