Stocks were relatively quiet on Wednesday as investors digested Tuesday’s large sell-off and the minutes of the Fed’s latest meeting. The minutes showed the Fed remains split and wants to wait for more data but is ready to raise rates ‘relatively soon.’ In economic news, mortgage applications slid -6% last week as mortgage rates continued…
Market Update: Stock futures are lower ahead of Thursday’s open after China said exports plunged by 10% which bodes poorly for the global economy. Gary’s Thoughts: Futures smacked. Watch those support levels we gave out to you. Internals deteriorating. Not kidding. Fedheads again saying they are ready to hike…and I will dunk a basketball today. Economic…
Listen To Wednesday’s Investor’s Edge Radio Show 10/12/2016: Listen to today’s show by clicking here. https://archives.warpradio.com/btr/investorsedge/101218.mp3
Stocks rallied on Monday as investors wait for earnings season to begin in earnest. Oil prices surged more than 3% after Russia said it was open to curbing production to support oil prices. Russian President Vladimir Putin said Russia is open to join a proposed cap on oil output by OPEC members. Investors also digested…
Market Update: Stock futures are slightly lower ahead of Tuesday’s open as markets look past the 2nd presidential debate and look ahead to earnings season. Gary’s Thoughts: All’s quiet and no new videos…yet! Economic Calendar: NFIB Small Business Optimism Index 6:00 AM ET Redbook 8:55 AM ET Labor Market Conditions Index 10:00 AM ET 4-Week Bill Auction 11:30 AM ET…
By Gary Kaltbaum Most major indices have gone nowhere in the past 13 weeks but did you know: On 4/4/14, the NYSE was 10,669.43. Friday’s close 10,626.92. On 12/26/14, the DOW was 18,103.45. Friday’s close 18,240.49. On 3/7/14, the RUSSELL 2000 was 1212.82. Friday’s close 1236.56. On 7/24/15, the NASDAQ was 5231.94. Friday’s close 5292.41….
Stocks rallied on Wednesday as investors digested the latest round of economic data. Before the open, the composite Mortgage Application index rose 2.9% vs the prior reading of -0.7%. Mortgage rates fell to the lowest level since July and the average interest rate on a 30-year fixed rate conforming loan is 3.62%. The ADP Employment…
Market Update: Stock futures are slighter lower ahead of Thursday’s open as the market has to deal with Tuesday’s sell-off and then Wednesday’s rally and wait for Friday’s always fun (and fake) jobs report. Gary’s Thoughts: Weather already hitting. We suspect in our area 75-90 mph winds later tonight. Keeping fingers crossed. One note: TWTR down…
Market Update: Stock futures are slighter higher ahead of Wednesday’s open as investors digest Tuesday’s sell-off and wait for Friday’s always fun (and fake) jobs report. Gary’s Thoughts: Oil prices remain stronger…gold bounces after yesterday’s disaster…economic numbers soften…markets remain nauseatingly rangebound. Economic Calendar: MBA Mortgage Applications 7:00 AM ET ADP Employment Report 8:15 AM ET International Trade 8:30 AM ET Gallup…
Stocks fell on Tuesday after a few Fed heads suggested the Fed should raise rates as soon as November. This sent the US dollar higher and gold and other interest rate sensitive areas of the market lower on the news. Utilities, REITs, and a handful of other interest-rate sensitive areas of the market fell hard as…
