Market Update: Stock futures are higher before Wednesday’s open as investors digest the recent sell-off and wait for a busy week of earnings and economic data. In addition to a slew of earnings we have a busy week for Central Banks, including the Fed meeting later today, and the always fun jobs report to look…
Stocks experienced the worst trading day in 2017 after Trump immigration backlash. The Dow negated its latest breakout and fell below 20,000. The S&P 500 also negated its latest breakout and is in pullback mode. The good news is that the market closed off its lows and the Dow, S&P 500 and Nasdaq, at this…
Market Update: Stock futures are lower before Tuesday’s open as investors digest Monday’s sell-off and wait for a busy week of earnings and economic data. In addition to a slew of earnings we have a busy week for Central Banks, including a Fed meeting, and the always fun jobs report to look forward to. Gary’s…
By Gary Kaltbaum January 28,2017 Couldn’t help but start this missive with what is happening politically. We are not saying all this divisiveness will cause problems for the market. We are just saying it is something to watch. The markets have put a lot of trust in Trump and what he will do going forward….
By Gary Kaltbaum- January 28,2017 In 2011, President Barack Obama put a 6 month ban on Iraqis coming to America but you wouldn’t know it because it was hardly reported. Protests? What protests? Calls of racism and intolerance? Nah! Just a few weeks ago, President Obama terminated the 22-year-old policy that had allowed Cubans who…
Market Update: Stock futures are quiet before Thursday’s open as investors cheer Trump’s policies, continue to digest a slew of earnings and wait for the first read on Q4 GDP on Friday. Gary’s Thoughts: Futures up a wee bit. That was a very good breakout yesterday for the Dow and S&P 500. Until it fails,…
Stocks rallied on Tuesday after the bulls showed up and defended major support (50 DMA line) in many important areas. The benchmark S&P 500 and Nasdaq Composite closed at fresh record highs while the Dow closed below 20,000. The financials, materials, energy transports and small caps were among key areas that surged off their respective…
Market Update: Stock futures are quiet before Tuesday’s open as investors continue to digest a slew of earnings and wait for the first read on Q4 GDP this Friday. Gary’s Thoughts: From last night: Main themes here: Financials at the 50 day average. If market will continue higher, this area will hold and turn up….
Stocks ended a little lower on Monday on Donald Trump’s first official day in office. As promised, President Trump met with Business CEOs and made it clear that he is focused on creating an environment in which businesses can thrive. In the meeting, Trump made it clear that he wants to cut regulations and cut taxes….
Travel hell notes. Weather had our 2 hour flight turn into diverting airports and 8 hours later…but kudos to them for keeping us safe. Tons of earnings this week. Pay attention. 6 weeks of ridiculously tight action. Major indices have not moved 2% up or down during that time. Since things are so tight, the…
