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…
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….
