1) Apple’s market cap is up over $60 billion since the upside surprise pre-order announcement. 2) Wells Fargo’s market cap is down almost $20 billion since the announcement of its chicanery. 3) A Dr. Natalie Azar was brought on MSNBC Thursday just to say Donald Trump “has some risk factors for heart disease.” No tests on him. No facts…
Market Update: Stock futures are a lower ahead of Friday’s open as the market tries to bounce back after last Friday’s steep sell-off. Gary’s Thoughts: But not much lower. Intel just raised guidance turning the lower market back near even. Economic Data: Quadruple Witching Consumer Price Index 8:30 AM ET Consumer Sentiment 10:00 AM ET Baker-Hughes Rig Count 1:00 PM…
Ceasefire stalls at Aleppo Aligned with Russia in Syria, Pentagon awkwardly treads on new terrain Clinton resumes campaigning after pneumonia as race tightens Weak U.S. retail sales, factory data dampen rate hike prospects Apple says initial quantities of iPhone 7 Plus sold out
Stocks rallied on Thursday after the latest round of mostly disappointing economic data was released. The big miss came from retail sales, they fell -0.3% last month, missing estimates for an unchanged reading. Elsewhere, Jobless Claims came in at 260k, lower than the Street’s estimate for 265k. The Producer Price Index (PPI) came in flat which was…
Stocks ended mixed on Wednesday as oil prices fell another 3%. Economic data was relatively light. Import prices fell -0.2% last month and economist’s were expecting a decline of -0.1%. Over the past year, import prices slid -2.2%, which was the smallest decline since October 2014. In other news, shares of Apple Inc. (AAPL) broke…
5 Things you may not know: Today is the eight year anniversary of Lehman Brothers filing for Chapter 11 bankruptcy protection in what still is the largest bankruptcy filing in US history. It is said that this default started the maniacal Bernanke’s and then the rest of the world’s dive into the depths of easy money,…
Market Update: Stock futures are a little higher ahead of Thursday’s open as investors digest a volatile week on Wall Street. Gary’s Thoughts: Futures up a wee bit. Apple gets numbers raised as the stock is back in favor for the first time in since summer of 15…but still decently below old highs. Again, short term damage…
Stocks fell hard on Tuesday, giving back Monday’s rally, alongside other so-called “risk-on” markets. Oil prices plunged after the The International Energy Agency (IEA) reduced their outlook for oil in 2017. The IEA said the global economy is slowing down due to lackluster demand and supply remains very strong. That is a perfect recipe for lower…
Market Update: Stock futures are a little higher ahead of Wednesday’s open as investors digest a volatile three day’s on Wall Street. Gary’s Thoughts: About .3% higher this morning. Another body blow yesterday. Economic Data: Bank Reserve Settlement Market Focus MBA Mortgage Applications 7:00 AM ET Import and Export Prices 8:30 AM ET EIA Petroleum Status Report 10:30 AM ET…
Stocks opened lower and closed higher after buyers showed up after a few Fed heads came out on Monday and hinted at a slightly dovish stance. The big news came from Fed’s Brainard after she said it would be prudent to wait for a while before raising rates. She made the case that the “data” does…
