Stocks rallied nicely on Monday helping the Dow Jones Industrial Average and benchmark S&P 500 jump above near term areas of resistance and hit new highs for the year. Janet Yellen spoke on Monday and said Friday’s tepid Jobs Report created economic uncertainty which reduced the chance of a June rate hike. Oil stocks were…
Since we had some weather-related travel hell, just a few short notes on last week. Duh! The Fed will not be raising rates. Duh! The economy is not accelerating! As we have said for ages, the economy is blah. If not for 0% rates forever, negative rates, the printing of trillions and the buying up…
Stocks opened lower and closed higher on Thursday as investors digested a slew of data. Overnight, Japan’s stock market fell over 2% which put pressure on global equities. Before the open, The European Central Bank (ECB) President Mario Draghi said inflation rates will likely stay low or negative in the near future as global growth…
Market Update: Stock futures are quiet ahead of Friday’s open as the market waits for the always fun (and fake) jobs report. Gary’s Thoughts: Blah fake job’s number. Another half million people leave workforce…thus unemployment number at 4.7%. Tired of talking Fed. Just remember, for ever, bad news is good news for markets as central banks…
Market Update: Stock futures are a little lower ahead of Thursday’s open as the market waits for today’s ADP report then Friday’s always fun (and fake) jobs report. Gary’s Thoughts: Paint drying open…but pay attention here. Something going to give soon. We feel it. Economic Data: Chain Store Sales Challenger Job-Cut Report 7:30 AM ET ADP…
Stocks opened lower but closed near their highs on Wednesday as investors digested the latest round of economic data.Auto sales fell which hurt sentiment. GM said sales plunged -18% last month and Ford (F) said sales tanked -5.9%. In the afternoon, the Fed’s Beige Book showed a decent picture of economic growth across the 12 districts. The…
SOURCE: http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=0
Market Update: Stock futures are lower ahead of Wednesday’s open. Stocks fell on Tuesday which was the last trading day for May. It is normal to see the market pullback a little after the recent and strong rally we saw over the past week and half. Gary’s Thoughts: Yuck open. End of month, pre-holiday over. Let’s…
Stocks were closed on Monday for Memorial Day. Stocks ended mixed on Tuesday as investors digested a slew of economic data. Tuesday was also the last trading day of the month and stocks rallied for the month of May. On the economic front, personal income and outlays rose 0.4% which matched consensus. The S&P Case-Shiller…
Market Update: Stock futures are quiet ahead of Tuesday’s open. Stocks in the U.S. were closed on Monday for Memorial Day. Today is the last trading day of the month and investors then have the always fun jobs report coming out on Friday. Gary’s Thoughts: QUIET IS A GOOD THING AFTER A MOVE UP LAST WEEK….
