Stocks ended mixed on Wednesday, helped by a huge rally in crude oil. Crude oil broke out to a 15-month high after the Energy Information Administration reported a 5.3 million draw-down in inventory. Tighter supply concerns helped crude oil breakout and hit a fresh high for the year ahead of OPEC’s meeting next month (where they…
Market Update: Stock futures are flat ahead of Thursday’s open as investors digested the final Presidential Debate, the latest ECB meeting (they did not add more easy money), and the latest round of earnings data. Gary’s Thoughts: Futures down a wee bit after being up most of the night. Earnings have been blah but many companies smart enough…
Market Update: Stock futures are higher ahead of Tuesday’s open as investors wait for a slew of earnings to be announced this week. Gary’s Thoughts: Not just higher…very much higher. As you know, markets have edged down to vital support…and this morning, that support holds as markets up almost 1% BEFORE THE OPEN. NFLX nice gap up…
On Monday, stocks were mostly lower as investors digested the latest round of economic and earnings data. Before the open, Bank of America (BAC) reported earnings and beat estimates but the stock didn’t rally. Around mid-day, Fed Vice Chair Stanley Fischer warned investors that if rates stay low for a long time it could lead to a deeper…
We love how the media describes the gargantuan printing of money, the gargantuan monetizing, the gargantuan creation of debt out of thin air. They describe it as assets. Let’s be clear. It is not an asset. It is a big, gargantuan ass that is causing major bubbles, major distortions and who knows what else. These…
“THE FLIM FLAM ADMINISTRATION!” By Gary Kaltbaum -10/16/2016 President, Kaltbaum Capital Management Fox News Business Contributor While everyone is talking about the election…whether it is the sleaze coming out of one side or the corrupt, influence peddling, criminal enterprise coming from the other side, we have news for you. There is something much more important that is…
Market Update: Stock futures are lower ahead of Monday’s open as investors digest wait a slew of earnings to be announced this week. Gary’s Thoughts: Will have our weekend report tonight as we were traveling. Futures basically flat but after reversing up Thursday, we reversed down Friday with more deterioration. But indices have not broken support yet….
Stocks opened higher but closed mixed on Friday after JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) all reported stronger-than-expected quarterly results. Sellers showed up shortly after the open and the market spent the rest of the day drifting lower. Janet Yellen gave a speech and said easy money is prudent whenever the economy gets…
Stocks opened sharply lower on Thursday after China said exports plunged 10% overnight. China is a major exporter so the fact that exports are down 10% reflects poorly on the health of the already fragile global economy. Right after the open, the Dow Jones Industrial Average & the S&P 500 briefly undercut important support (September’s low that…
Market Update: Stock futures are higher ahead of Friday’s as investors digest a volatile week and wait for three Fed heads, including Janet Yellen, to speak later today. Gary’s Thoughts: Failed breakout to upside and possibly a failed breakdown to the downside yesterday…which means major indices remain in range. We will know a lot more after…
