Market Update: Stock futures are lower ahead of Wednesday’s open as the market continues to flirt with record highs. Gary’s Thoughts: Look at that…we are down at the open. We don’t have to tell you markets are just way overdue for sitting or pulling in…which would be normal and not a bad thing. Economic Calendar:…
“STILL…HARDLY ANY COMPLAINTS!” By Gary Kaltbaum- February 20, 2017 There continues to be very little to complain about. Major indices continue their upward trajectory with nary a pullback. In fact, since the election, we have not seen a correction of even 2%. This in itself is amazing. Normally, there is an ebb and flow in where markets…
Stocks slid on Thursday after 5 strong days of hitting fresh record highs. Energy shares lagged as crude oil pulled back. President Trump tweeted about the stock market and said, “Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism – even before tax plan rollout!” Economic data was…
Market Update: Stock futures are lower ahead of Friday’s open as the market finally takes a breather and pulls back from record highs. Gary’s Thoughts: Futures down…no issue here f the market sits, pulls back and relaxes. It is due. Economic Calendar: E-Commerce Retail Sales 10:00 AM ET Leading Indicators 10:00 AM ET Baker-Hughes Rig…
Stocks rallied on Wednesday as Janet Yellen spent the day testifying on Capitol Hill. Economic news was mixed. The consumer price index (CPI) rose 0.6% in January, which was higher than the Street’s estimate for for 0.3%. Separately, Retail sales, rose 0.4% last month beating estimates for 0.1%. The Housing market index came in at…
Market Update: Stock futures are lower ahead of Thursday’s open as stocks continue to hit fresh record highs. Gary’s Thoughts: Futures flat…would love some rest here…NTES big gap to new highs of the day…. One important note: lots of yapping that Jack Dorsey bought $7 million of Twitter stock this week. Terrific but he also…
Once again, stocks rallied on Tuesday as Janet Yellen spent the day testifiying on Capitol Hill. For the first time in years, Yellen was slightly hawkish which should be expected now that all the “data” is bullish. Stocks are at record highs, the economy is growing, inflation is edging higher and the official unemployment rate…
Market Update: Stock futures are quiet ahead of Wednesday’s open as stocks continue to hit fresh record highs. Gary’s Thoughts: Futures down a wee bit as we write this. Not much else to report…interest rates backing up a little more here. Recent attempted break to the upside in bonds has been stopped dead in its…
We do not have to be long-winded this weekend. Major indices moved out of a 9 week range. There has hardly been a down day of import since the election. Financials held the 50 day. Still need to move out again. That has not happened yet. Metals/mining look ready for another leg up as steel,…
Stocks rallied on Thursday after Trump promised a “big league” tax announcement. The market has been looking forward to hearing Trump’s tax plan because that is expected to be a big boost to the economy. Economic data was quiet. Weekly jobless claims slid by 12,000 to 234,000, which was lower than the Street’s estimate for 250,000. Separately,…
