Stocks ended mixed on Wednesday as investors digested the latest round of economic and earnings data. Overnight, Japan fired another 28T Yen easy money missile to help stimulate their market and their lackluster economy. That came a few days before their central bank meeting on Friday. Meanwhile, The U.S. Fed held rates steady and the latest round…
Stocks were quiet on Tuesday as investors digested the latest round of earnings and economic data as the Fed began its two day meeting. On average economic data was somewhat positive with some strong data coming from the housing market. Separately, earnings data continues to be mixed as earnings roulette continues (some stocks gap up…
Market Update: Stock futures are a little higher ahead of Wednesday’s open as investors wait for the Fed and the latest round of economic and earnings data to be released. Gary’s Thoughts: But NDX futures up nicely off of crappy Apple numbers…but they said things will get better. Apple up $7…which helps Dow and NDX…with…
Netflix Director Jay Hoag bought 600K shares worth $51.9 mln disclosed last night, purchases made 7/21-7/25 at average price of $87.66. Remember, just because insiders buy, does not mean the stock has to cooperate. We are just always interested when we see sizable purchases. Positions-NONE!
Market Update: Stock futures are a relatively quiet ahead of Tuesday’s open as investors wait for another busy week of earnings and economic data. A slew of companies are reporting earnings this week, the Bank of Japan and the U.S. Fed are both meeting. Then, GDP will be released on Friday. Most importantly, the market is…
Stocks fell on Monday led lower by falling energy prices. Over the weekend, the G20 said it will use ‘all policy tools’ to lift growth after the Brexit vote. Later this week, The Bank of Japan (BOJ) and The U.S. Federal Reserve are slated to meet and a slew of earnings will be announced. Central banks…
None of our themes have changed. The breakout of the 18 month trading range in the Dow and S&P was nothing but bullish. We said that based on precedent. Whenever a couple of major indices break out of long ranges, it usually works for a while. But there was something else that was also very…
Stocks fell on Thursday as investors digested the latest round of earnings and economic data. Overnight, Japan’s Central Bank said they do not want “helicopter money” which is a joke because they are one of the most aggressive central banks in the world and already own over 10% of the Nikkei (Japan’s stock market). Elsewhere,…
Market Update: Stock futures are a little higher on Friday as the very strong post brexit rally continues. Gary’s Thoughts: We will have our award winning weekend report on Sunday. Markets do need some sitting. Earnings stink but reactions (except a few) have been decent. Economic Data: PMI Manufacturing Index Flash 9:45 AM ET Baker-Hughes Rig Count 1:00…
Market Update: Stock futures are a little lower ahead of Thursday’s open as the market digests its robust post-brexit rally. Gary’s Thoughts: And Biotech up early as BIIB up $15 on numbers. Market broadening out on crappy earnings. Do we have to say it…central banks! Economic Data: Weekly Bill Settlement 52-Week Bill Settlement Jobless Claims 8:30 AM ET…
