Stock Market Overview: Futures are up a little ahead of Wednesday’s open as stock markets across the globe fell on Tuesday, led by steep declines in Europe and Japan. Gary’s Thoughts: Watching oil prices up sharply this morning. Oils/energy been on rest/pullback past few weeks. Otherwise, refer to what we said last night. Massive earnings just ahead!…
Stocks fell on Tuesday as global selling continued on sluggish global economic growth. Japanese and European stock markets fell after the IMF warned of a global economic slowdown. Overnight, India’s Central Bank joined the easy money party and lowered its key interest rate to 6.5%, from 6.75%. Meanwhile, Australia’s Central Bank held rates stead. In the…
Stock Market Overview: Futures are lower ahead of Tuesday’s open as investors pause to digest the recent and very strong 7-week rally. Gary’s Thoughts: Japan and Asia markets rolling over. European markets look the same. This is not an opinion. Pay heed. Economic Data: Trade Balance (8:30): -$46.3 bn expected Markit US Services PMI (9:45) Markit…
Stocks fell on Monday as markets paused to digest the very strong rally we have seen over the past 8 weeks. Commodities dragged stocks lower even though the US dollar also fell. Alaska Air ($ALK) said it plans to acquire Virgin America (VA) in a deal valued at $4 billion. Groupon (GRPN) rallied after the…
We are back from China. We will have our thoughts on China and the economy later in the week but first: Earnings growth does not matter. Sales growth does not matter. GDP does not matter. Debt, we mean massive debt does not matter. Leverage, we mean massive leverage does not matter. Communist presidential candidates do…
Greetings from Hong Kong…on the way to Shanghai today. Will have a complete report on China this coming weekend. Was up overnight watching and the best way to describe the action is a lot of not much. A lot of sitting, a lot of back and forth, a few things not so well, a few…
Greetings. It is Monday morning here in Hong Kong where I got a bout of food poisoning past couple of days. Let’s just say…no fun. Feeling much better this morning after sleeping 12 hours straight. Have a few thoughts this morning on things I am seeing. Japan announces they will add even more stimulus. More?…
Stocks were relatively quiet on Monday as the market paused to digest the very strong rally we have seen since the Feb 11th low. Apple unveiled a few new (lower priced) products which are aimed at capturing a broader audience. In other news, Starwood Hotels and Resorts ($HOT) accepted a higher offer from Marriott International Inc ($MAR)….
MARKETS GO COAST TO COAST” By Gary Kaltbaum March 21,2016 Greetings from Beijing. Fascinating place. The Kaltbaum bucket list continues to get checked off. Yesterday, we visited Tiananmen Square, the Temple of Heaven and the Forbidden City. Humongous, expansive and spectacular architecture come to mind. Today, we hit the Great Wall and Summer Palace. To…
Stock Market Overview: Futures are higher ahead of Friday’s open as investors digest a busy week of central bank meetings. The big take-away is that nearly every major central bank in the world remains committed to their easy money stance. Gary’s Thoughts: Bad news being bought! (CAT) Good news being bought big! (FDX) We will…
