Market Update: Stock futures are a relatively quiet ahead of Tuesday’s open as investors wait for another busy week of earnings and economic data. A slew of companies are reporting earnings this week, the Bank of Japan and the U.S. Fed are both meeting. Then, GDP will be released on Friday. Most importantly, the market is…
Stocks fell on Monday led lower by falling energy prices. Over the weekend, the G20 said it will use ‘all policy tools’ to lift growth after the Brexit vote. Later this week, The Bank of Japan (BOJ) and The U.S. Federal Reserve are slated to meet and a slew of earnings will be announced. Central banks…
None of our themes have changed. The breakout of the 18 month trading range in the Dow and S&P was nothing but bullish. We said that based on precedent. Whenever a couple of major indices break out of long ranges, it usually works for a while. But there was something else that was also very…
Stocks fell on Thursday as investors digested the latest round of earnings and economic data. Overnight, Japan’s Central Bank said they do not want “helicopter money” which is a joke because they are one of the most aggressive central banks in the world and already own over 10% of the Nikkei (Japan’s stock market). Elsewhere,…
Market Update: Stock futures are a little higher on Friday as the very strong post brexit rally continues. Gary’s Thoughts: We will have our award winning weekend report on Sunday. Markets do need some sitting. Earnings stink but reactions (except a few) have been decent. Economic Data: PMI Manufacturing Index Flash 9:45 AM ET Baker-Hughes Rig Count 1:00…
Market Update: Stock futures are a little lower ahead of Thursday’s open as the market digests its robust post-brexit rally. Gary’s Thoughts: And Biotech up early as BIIB up $15 on numbers. Market broadening out on crappy earnings. Do we have to say it…central banks! Economic Data: Weekly Bill Settlement 52-Week Bill Settlement Jobless Claims 8:30 AM ET…
Stocks rallied on Wednesday after the latest round of earnings data was announced. Morgan Stanley (MS) and Microsoft (MSFT) both rallied after announcing their results. According to the CME Group’s FedWatch tool, traders see a roughly 40% chance the Fed will hike rates by its December meeting, which was less than 20% a few weeks ago. The US Dollar…
Stocks were very quiet on Tuesday as investors digested the latest round of economic and earnings data. Economic data was relatively light, U.S. housing starts rose by 1.19 million units versus expectations of a 1.17 million. Earnings data was mixed, shares of Netflix (NFLX) and Goldman Sachs (GS) fell after reporting earnings while shares of Johnson and Johnson…
Market Update: Stock futures are higher ahead of Wednesday’s open as the market continues its recent and robust post-brexit rally. Gary’s Thoughts: microsoft doing the job this morning as their wonderful 7% sales drop is better than the expected sales drop. Yes…that was sarcasm. Futures up as Europe up nicely. The breakout of the dow…
Market Update: Stock futures are quiet ahead of Tuesday’s open as the market pauses to digest its recent post brexit rally and digests the latest round of earnings season. Economic Data: First off…earnings continue to stink but BEAT THE NUMBER IS AT HAND. IBM earnings DOWN 23% but stock is up. Not helping NETFLIX as they…
