Watch GaryK on @FoxBusiness: Global Tension Weighing on Wall Street
https://video.foxbusiness.com/v/4938977332001/global-tension-weighing-on-wall-street/?#sp=show-clips
The Closing Look
Stocks fell on Friday across the globe after global government bond yields fell to fresh record lows. The German 10-year bund yield plunged to a fresh record low of 0.011% Friday morning which was down considerably from Monday’s level near 0.070%. The Japanese 10-year yield hit a record negative low of minus 0.13% and several…
Greetings from the great city of Orlando!
My city is stunned but it will come back and and will prevail. That is not a cliche’ but a fact. We saw it all today as many lined up to give blood, many have been there for families, great doctors and nurses tended to the wounded and the magnificent people in uniform were out…
The Morning Look
Market Update: Stock futures are lower ahead of Monday’s open as investors continue to sell after Friday’s decline. Gary’s Thoughts: The big news is Microsoft buying Linkedin for cash. Well, not big news if you are short. Otherwise, futures down…gold and gold stocks up. I will be on Fox Business Network with Neil Cavuto at noon…
The Closing Look
Stocks opened lower on Thursday as the US dollar soared. Overnight, stocks in Asia and Europe fell over 1% as sellers showed up after a nice two week rally. After Europe closed, buyers showed up and helped the major indices rally off their lows. Remember, we had a big run since May 19 and it…
The Morning Look
Market Update: Stock futures are lower ahead of Friday’s open as the market continues to digest the recent and strong rally. Gary’s Thoughts: Every down open has been bought up. Remember what we said at the close yesterday. Our usual award winning technical report will be out on the weekend. Economic Data: Consumer Sentiment 10:00 AM…
Because Government Programs Are So Efficient!
SOURCE: http://www.washingtonexaminer.com/ajit-pai-fraud-from-obamaphone-program-reaching-500-million/article/2593375
The Closing Look
Stocks rallied on Wednesday as the strong sector rotation we have outlined for you in recent weeks continued. On Wednesday, we saw big money flow into commodities, mainly steel, oil and gold stocks. Other sectors of the market also did well such as materials, transports, and industrials. Crude oil jumped above $51/barrel and gold prices…
The Morning Look
Market Update: Stock futures are lower ahead of Thursday’s open as the market pauses to digest the recent and strong rally. Gary’s Thoughts: Pullbacks should be controlled and rotational at this time. When you have a chance, get reading about rates around the globe. Yellen and central banks say there is no bubble. No bubble? $10…
The Closing Look
The S&P 500 traded at the highest level since July before it backed off and closed in the middle/to lower half of its daily range. Buyers showed up and sent oil, transportation and housing stocks higher helping them break above near term areas of resistance. Economic data was relatively light. First quarter productivity (which measures hourly output…