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…
Stock Market Overview: U.S. stock futures and oil prices are up nicely in the premarket as markets attempt to bounce from oversold levels. Stocks fell hard last week and bounced on Monday. This came off of a weak morning leading one to believe there is going to be upside testing into the Fed. Keep in mind, last week,…
Stock Market Commentary: Stocks vacillated between positive and negative territory all morning but closed higher as the market tried to bounce after last week’s steep decline. Oil prices opened lower but turned higher as this market tries to bounce from deeply oversold levels. The benchmark S&P 500 also turned higher after briefly falling below the psychologically important level…
We continue to believe we are in the process of a big topping out process of the central banks- induced bull market that started in 09. We believe once again that central banks have created bubbles all over the place and that ultimately there will be heck to pay. We just don’t know when heck shows…
“The Sea Was Angry That Day, My Friends” Like An Old Man Trying To Send Back Soup At A Deli” -George Costanza- By Gary Kaltbaum-December 13,[email protected] Fox News Business Contributor We wrote a lot of this report in mid-September but updated it to today. It all remains appropriate as we are now seeing some of the…
Stock Market Overview: U.S. stock futures are relatively quiet this morning which is normal after last week’s steep sell-off. Stocks fell hard last week with 75% of the market in poor shape and only 25% in good shape. Market pundits are waiting to see what will happen on Wednesday with the Fed meeting and post meeting press…
