Stock Market Overview: U.S. stock futures are up triple digits before Monday’s open as the Christmas countdown continues. The economic calendar will be light during this shortened holiday week. The big data point will be the final reading of Q3 gross domestic product (GDP) (8:30 am Tuesday). In observance of the Christmas holiday. Stocks in the U.S. will close…
Our award winning weekend report will be out on Monday but first: 70% of the market remains bearish. Yellen said she is confident in the economy just as economies are rolling over. Earnings growth blah. Sales growth down. We are not kidding! Beware.
Stock Market Overview: U.S. stock futures are lower ahead of Friday’s open as oil prices continue to hit fresh multi-year lows. Today is known as quadruple witching day which means a series of options are expiring today. Typically, that leads to increased volume near the close. Today is also the last trading day of the week…
Stock Market Commentary: Stocks fell on Thursday and gave back most of Wednesday’s gains as the U.S. dollar rallied and investors digested the first Fed hike since 2006. The weak action we are seeing on Wall Street highlights what we have been telling you all year: The market looks toppy up here as fewer and fewer…
Stock Market Overview: U.S. stock futures are up before Thursday’s open as investors digest the first Fed rate hike since June 2006. Stocks rallied nicely after the Fed meeting because even though the Fed raise rates by a quarter point they still maintain a very dovish (a.k.a #EasyMoney) stance. Gary’s Thoughts: Europe strong…Asia strong…we…
Stock Market Commentary: As expected, the Federal Reserve raised rates by a quarter point and said they do not plan on raising rates until the data improves. The stock market rallied after the meeting and continues its three day bounce (after last week’s steep decline). Fed Chair Janet Yellen told the media in her post meeting press…
December 16,2106 By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor Fox Business Network will be covering the Fed on Neil Cavuto’s Coast to Coast starting at 12pm all the way into the end of the day. Do not miss a minute. Coming out of the weekend, we had two overriding market thoughts. The big…
Stock Market Overview: U.S. stock futures are relatively up nicely in the premarket as the world continues to wait for the Fed meeting and the post-meeting press conference. Stocks bounced nicely on Monday and Tuesday off of deeply oversold conditions. Irrespective of what the Fed does today, for us, the most important thing to watch is…
Stock Market Commentary: Stocks enjoyed nice gains on Tuesday as oil bounced from deeply oversold levels. However, once again, sellers showed up and sent stocks drifting lower into the close. Several leading stocks closed near their lows for the day which is not a healthy sign. The key going forward is to see how stocks…
The 2 day Fed meeting begins today. Yippee! They will be playing Galaga, Space Invaders, Centipede, Ms. Pacman and then sit around the table looking at each other. Tomorrow we get the earth shattering, over-the-top, can’t wait for, please tell us…all important decision on whether to have Dominos or Papa Johns. (sarcasm) You can see…
