Amid Gun Control Push, Smith & Wesson Boosts Outlook @FoxBusiness
http://www.foxbusiness.com/industries/2016/01/05/smith-wesson-boosts-outlook-amid-obamas-gun-control-push/?intcmp=marketfeatures
Required Reading Of The Day
Sanders to lay out plan to break up big banks in first year VW struggling to agree fix for U.S. test cheating cars: source U.S. judge orders deposition of Cosby’s wife kept under seal Anger at occupiers simmers in Oregon town Automakers, not Silicon Valley, lead in driverless car patents: study Twitter considering 10,000-character limit…
Apple’s Stock Action Has Been Telegraphing This
SOURCE: http://asia.nikkei.com/Business/Trends/Parts-makers-brace-for-iPhone-production-cut
These Moves By China Will Cause Even Further Dislocations!
Source: http://www.bloomberg.com/news/articles/2016-01-05/china-said-to-intervene-in-stock-market-after-590-billion-rout
Well that was yucky!
We read somewhere the Atlanta Fed cut its GDP forecast for Q4 to 0.7%…which is a big drop from Q3. That means Yellen raised rates into a real slowdown. The Fed waited years to raise rates and they do it while commodities crash, China slumps, markets are in trouble and GDP is cut. Thrilling! Short…
The Morning Look
Stock Market Overview: U.S. stock futures are down again as the world digests Monday’s sharp world-wide sell-off. Economic data is relatively thin today with the focus being on motor vehicle sales. Gary has expressed caution and has been telling you about how the market has been getting weaker not stronger over much of 2015. Leadership continues to…
U.S. Factory Activity Falls Deeper into Contraction @FoxBusiness
http://www.foxbusiness.com/economy-policy/2016/01/04/us-manufacturing-falls-deeper-into-contraction-territory/?intcmp=marketfeatures
DOJ Files Civil Complaint Against Volkswagen @FoxBusiness
http://www.foxbusiness.com/industries/2016/01/04/doj-files-civil-complaint-against-vw/?intcmp=marketfeatures
Stocks Facing Bigger Issue Than Chinese Slowdown @FoxBusiness
www.foxbusiness./markets/2016/01/04/stocks-facing-bigger-issue-than-chinese-slow-down/?intcmp=marketfeatures