Stocks edged higher on Monday after the attempted military coup in Turkey failed over the weekend and investors continued to sift through the latest round of earnings and economic data. Bank of America (BAC) rallied nicely on Monday after the company reported earnings. In M&A news, Softbank said they are going to acquire chip designer ARM…
Stocks were quiet on Friday as investors digested the strong post brexit rally and the latest round of economic and earnings data. Gary’s Thoughts: No complaints and certainly no sellers just yet. Earnings are not very good but beat the number is at hand.
“NO SELLERS JUST YET!” By Gary Kaltbaum July 18,2016 When you leave just 1% daylight between the backing of our men and women in uniform and those that would do harm, you get those that would do harm, doing harm! That is all we are going to say on this…for now! It is earning’s season….
Market Update: Stock futures are a little higher as the market adds to the big post brexit rally and enters the heart of earnings season. Gary’s Thoughts: Earning’s season! Stay tuned! Economic Data: Esther George Speaks 10:00 AM ET Labor Market Conditions Index 10:00 AM ET Loretta J. Mester Speaks 9:30 PM ET Highlights: Investors Still Uneasy About…
Stocks rallied on Thursday as investors digested the latest round of economic data. JP Morgan (JPM) rallied after the company easily beat estimates. Shares of BlackRock (BLK) slid after the asset manager reported results that matched estimates. Overseas, the Bank of England decided to keep rates steady and suggested they may cut rates in August which means…
Market Update: Stock futures are a littler higher ahead of Friday’s open as the market continues the very strong post-brexit rally. Gary’s Thoughts: Retail numbers just came out…pretty pretty good last month but of course, the big story is Nice, France…an iconic tourist destination where another scumbag uleashed hell on an iconic promenade. We will…
SOURCE: http://www.bloomberg.com/news/articles/2016-07-14/bernanke-floated-japan-perpetual-bonds-idea-to-abe-adviser-honda
“AND THE EASY MONEY ANTE IS UPPED” By Gary Kaltbaum-July 14,2016 We just wanted to repeat what we just told you. Do not shrug off an 18 month breakout of major indices. They typically work. Then combine the fact that mutual funds and pension funds have 11% cash, a gargantuan amount, and…
Stocks were quiet Wednesday as the market paused to digest the recent and strong ~8% post Brexit rally. Economic data was relatively light, U.S. import prices rose +0.2% last month and missed estimates. Meanwhile, export prices rose +0.8%. The Fed’s Beige Book showed the economy continued to moderately grow. Elsewhere, oil prices fell after the International…
Market Update: Stock futures are up triple digits ahead of Thursday’s open as investors look for more easy money from the Bank of England and the latest round of earnings. Gary’s Thoughts: As we wrote last night: “A sit day…nothing wrong with that…and tomorrow, the UK will announce more easing…thus…?” Thus means another gap to…
