Markets

Market Update: Stock futures are nicely lower ahead of Friday’s open as the market continues trading in a relatively tight range just below record highs. Gary’s Thoughts: Yuck open. We shall see what comes of it. Remember, tight range, low volatility and a lot of bullishness. One other note…Apple will not give out numbers on…

Stocks were quiet on Wednesday after the Fed released its beige book and Apple launched new products. The Fed’s beige book showed modest growth across most of the country which was largely expected and barely moved the needle. Separately, Apple announced several new products, including a new iPhone 7, which is water resistant and will…

Market Update: Stock futures are a flat ahead of Thursday’s open as the major indices remain perched below record highs. Gary’s Thoughts: The easy money maniac at the ECB just said no need for more stimulus this second…so futures just fell. As we write this, the DAX is now down 130 points. Don’t worry…after the…

Stocks were closed on Monday in observance of Labor Day. On Tuesday, stocks were quiet as investors returned from the long holiday weekend. Over the weekend the G-20 held their latest meeting but didn’t agree to anything substantial. On Tuesday, the ISM non-manufacturing index fell to a 6.5 year low and missed estimates. This was the…

Market Update: Stock futures are flat ahead of Wednesday’s open as the major indices remain perched below record highs. Gary’s Thoughts: New group turning up? Airlines! Watch them. Other transports also…rails… Economic Data: MBA Mortgage Applications 7:00 AM ET Gallup U.S. Job Creation Index 8:30 AM ET Redbook 8:55 AM ET PMI Services Index 9:45 AM ET Esther George…

SOURCE: http://www.wsj.com/articles/equity-markets-could-get-a-boost-if-central-banks-started-buying-1473090954

By Gary Kaltbaum-September 5, 2016 For the past 7 weeks, major indices have sat tight. In fact, hardly moving more than a couple percent. But underneath the surface, there has been good action as small and mid-caps have now come to the fore. The worst areas have been defensive areas like utilities, reits and the…

Stocks were relatively quiet on Thursday as investors waited for Friday’s fake jobs report to be released. Before Thursday’s open, stock futures were slightly higher after several international factory orders jumped, mainly in China, UK, and other parts of Europe. China’s factory activity jumped to the fastest pace in nearly two years and U.K.’s factory activity…

Market Update: Stock futures are waiting for the employment number as the Dow Jones Industrial Average tries to bounce off its 50 DMA line and the market waits for the fake jobs report. Gary’s Thoughts: The employment number worse than expected so the market goes from betting on a rate hike to betting on a no——way…