Stocks ended mixed on Wednesday as the Dow snapped a 7-day win streak. Before the open, mortgage applications tanked by 9% as mortgage rates spiked higher. A separate report showed Home Builder sentiment remained steady. Inflation remained at bay as the producer price index came in unchanged, missing estimates for a gain of 0.3%. Finally industrial…
Market Update: Stock futures are mixed ahead of Thursday’s open as the market digests last week’s very strong rally and waits for Yellen’s testimony on Capitol Hill today. Gary’s Thoughts: Except for shipping stocks going nuts after dropping 30-50% from highs yesterday…quiet morning. Quiet is good here. Economic Calendar: Consumer Price Index 8:30 AM ET Housing…
Market Update: Stock futures are lower ahead of Wednesday’s open as the market continues to digest last week’s very strong rally. Gary’s Thoughts: Oh my God…futures are down. BTW…shippers assinine move gain this morning before the market opens. This is what happens when some do 1/10,000 split. DO NOT BE THE LAST ONE IN! Economic Calendar:…
Stocks were relatively quiet on Tuesday and closed higher as oil prices jumped 5% on renewed hope OPEC will cut production. Elsewhere, shipping stocks soared and the Nasdaq bounced back after lagging hard since the election. Gary’s Thoughts: Only one thing wrong…massive frothy action in money losing, almost bankrupt shipping stocks, some that did massive…
Market Update: Stock futures are relatively quiet ahead of Tuesday’s open as the market continues to digest last week’s very strong rally. Gary’s Thoughts: At 835 AM, futures were flat. In a nanosecond, the dead, the down and out, the crushed big Nasdaq-types were juiced with NDX now up .5% premarket. Everything else less so….
Stocks opened higher on Monday, briefly dipped lower than edged higher to mixed by the close. The Nasdaq lagged for most of the day. President- Elect Donald Trump said in a 60 Minutes interview that he wants to unify the country. In other news, mortgage rates jumped to 4% since the election. Gary’s Thoughts: What’s…
Market Update: Stock futures are relatively quiet ahead of Monday’s open as the market pauses to digest last week’s very strong rally. Gary’s Thoughts: More of the same pre-market this morning. As we write this, NDX futures down…S&P futures up. Banks,steel and “Trump stuff” continues to get the bid. Keep in mind, these areas are technically,…
It is that time of the year when we think of others during the Thanksgiving season. The 13th annual Kaltbaum family Blessing’s Banquet will be held this Wednesday, November 16th at the Universal Club of the Boy’s and Girl’s Clubs of Central Florida. We will be gladly serving another 400 youth a bountiful Thanksgiving dinner…
Stocks were relatively quiet on Friday as the market paused to digest its strongest weekly gain of the year. Oil prices fell 3% which dragged down a slew of energy stocks. Oil fell after people questioned the ability for OPEC to actually reach a deal and cut production. It’s perfectly normal to see the market…
Lots of jello moving on plate today. Best advice…all the areas that spiked on Trump victory are about as extended as could be. Doesn’t mean they don’t just rocket higher but gravity should take over and have them pulling in. Oil prices continue plunge as oil stocks continue the ugly. Ditto for Gold/silver. Biotech was…
