We read somewhere the Atlanta Fed cut its GDP forecast for Q4 to 0.7%…which is a big drop from Q3. That means Yellen raised rates into a real slowdown. The Fed waited years to raise rates and they do it while commodities crash, China slumps, markets are in trouble and GDP is cut. Thrilling! Short…
Stock Market Overview: U.S. stock futures are down again as the world digests Monday’s sharp world-wide sell-off. Economic data is relatively thin today with the focus being on motor vehicle sales. Gary has expressed caution and has been telling you about how the market has been getting weaker not stronger over much of 2015. Leadership continues to…
Stock Market Commentary: Stocks tanked on Monday after a new round of selling began in China. Overnight, Chinese stocks plunged a whopping 7% which triggered a world wide sell-off across the globe. Stocks in China were halted after new circuit breakers were introduced today. Monday was the first trading day for the month, quarter and year and…
“OY VEY!” By Gary Kaltbaum January 4, 2016 @GaryKaltbaum garyk.com Fox News Business Contributor When you arrest people because they are negative on the market…when you tell people not to sell…when you tell people they can’t sell…when you do everything possible to set conditions so no one sells…they sell. THAT’S CHINA FOR YOU. We have…
“A NEW YEAR BEGINS” By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Buiness Contributor The review of the past year is pretty simple because not much has changed. The stealth bear market we have been telling you about for months and months continues to be masked by a few of the bigger-cap major indices. To…
Normally when we write to you about another “anatomy of a top” lesson, the stock is down 50% if not more. But today we want to do “anatomy of a top” for Apple. The reason being is that Apple has been a leader of the NASDAQ 100 and now it is a laggard. With the NASDAQ…
Stock Market Overview: U.S. stock futures are down on the last trading day of the month, quarter and year. The market is open all day today and will be closed on Friday for New Years. Gary’s Thoughts: Why is market open all day today? Not a thrilling close to not a thrilling year. We will have a lot…
Stock Market Commentary: Stocks were relatively quiet on Wednesday as oil prices fell over 3%. Remember, oil is in a steep bear market and wild swings (up and down) are common in bear markets. Elsewhere, Pending home sales fell by 0.9%, missing estimates for a gain of 0.5%. This was the third decline in the past…
Stock Market Overview: As of this writing (6:17am), U.S. stock futures are slightly lower on the second to last trading day of the year. Stocks bounced nicely on Tuesday, led by the usual suspects (big glamour names). Oil prices rebounded on Tuesday which also helped lift many beaten down areas of the market. Remember, this is…
Stock Market Commentary: Stocks rallied sharply on Tuesday as oil bounced and investors moved money into a slew of big cap glamour stocks. Amazon.com (AMZN) and Alphabet (GOOGL) broke out to new highs and have enjoyed very strong gains in 2015. On the economic front, the S&P Case-Shiller index rose by 0.9%, beating estimates for a…
