Over the past week, the benchmark S&P 500 vaulted ~120 points or +6.6%! That is a huge move by any normal measure. In “normal” (non/Central Bank printing money days), a 10% gain for the entire year was considered “normal.” Clearly, a +6.6% rally in a 4 trading days is considered very strong and the market is…
Bank of Japan Baffled by Negative Reaction to Negative-Rate Policy Gov. Haruhiko Kuroda criticized by lawmakers who charge the policy victimizes consumers and sends a message of despair By TAKASHI NAKAMICHI Updated Feb. 18, 2016 5:32 a.m. ET 15 COMMENTS TOKYO—A clash Thursday between Japan’s central-bank chief and lawmakers highlighted the downside of negative interest…
Stock Market Overview: Futures are up before Thursday’s open as the market continues to bounce from deeply oversold levels. In the last 4 trading days, the benchmark S&P 500 has soared over 120 points or over 6.5%. That is not “normal” bull market action and moves of that size typically occur during bear market rallies….
Stock Market Commentary: U.S. stocks continued their 3-day rally as the market continues to bounce from deeply oversold levels. It is important to note that new leadership still remains virtually non-existent and the market continues to be led higher by beaten down areas such as Materials ($XLB) and the Transports ($IYT). The Fed released the…
Stock Market Overview: Futures are up on Wednesday after the market rallied on Tuesday. U.S. Stocks were closed on Monday for president’s day. The market is trying to bounce from deeply oversold levels. Oil prices hit the mid 20’s last week and are now bouncing. Gary called the top perfectly for you in the latter…
Stock Market Commentary: U.S. stocks rallied on Tuesday as traders returned from a long weekend. Wall Street was closed on Monday but stock futures were higher alongside other international equity markets. Stocks continued to bounce on Tuesday from deeply oversold levels. International stocks were higher after the latest round of bullish central bank rhetoric was announced. Mario…
Four U.S. journalists detained in Bahrain: journalists group Global shares climb as firmer Chinese yuan eases deflation fears Jeb Bush gets a brotherly hand from George W. in South Carolina White House says expects China will support new sanctions on North Korea Winter storm targets East Coast, nearly 1,400 flights canceled
February 15, 2016 Greetings from our Monday day off. Frankly, how about every other Monday being a day off? We can be brief with our weekend report today because of what we said to you last Thursday afternoon and Friday morning. Simply put, we think Thursdays late bounce combined with Friday’s action gave us another near-term low…
Stock Market Overview: Stock futures are up after Thursday’s steep decline. The market remains deeply oversold in the short term. Oil prices hit the mid 20’s this week and that does not help investor confidence. Gary called the top perfectly for you in the latter half of 2015 for stocks, helping you sidestep this year’s brutal…
Stock Market Commentary: Before Thursday’s open, futures and most global markets, were down big as another wave of selling hit stocks. Overnight, Sweden’s Central Bank surprised markets and cut its main repo rate further into negative territory. Sweden lowered its rate to negative -0.5%, from -0.35%. Crude oil fell to $26/barrel and gold soared to a…
