Stock Market Overview: Futures are higher ahead of Friday’s open as investors digest a busy week of central bank meetings. The big take-away is that nearly every major central bank in the world remains committed to their easy money stance. Gary’s Thoughts: Bad news being bought! (CAT) Good news being bought big! (FDX) We will…
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The Dow Jones Industrial Average and S&P 500 turned positive for the year as investors digested a slew of economic data. The biotechs continued to lag while the beaten down areas of the market continued to do well. The Transports ($IYT), Materials ($XLB), Gold ($GLD/$GDX), Silver ($SLV), Steel ($XLS), Emerging Markets ($EEM) all rallied sharply…
Stock Market Overview: Futures are lower ahead of Thursday’s open as markets digest the Fed meeting and the recent and strong rally we have seen in global markets. Gary’s Thoughts: Massive overhead resistance in the offing! Economic Data: Jobless Claims 8:30 AM ET Philadelphia Fed Business Outlook Survey 8:30 AM ET Current Account 8:30 AM ET Bloomberg Consumer Comfort…
