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…
Stocks fell on Thursday as investors digested the latest round of economic and earnings data. Shares of Netflix (NFLX) gapped up after the company said it is investing $1 billion in original content and posted strong subscriber growth. Several Trump cabinet nominees testified before Congress and so far everything seems to be going smoothly. Economic news…
Market Update: Stock futures are quiet before Friday’s open as investors digest the latest round of earnings data and wait for the inauguration. Gary’s Thoughts: IBM down a couple on no growth. SWKS up nicely on no growth. AXP down couple percent…same for GE. Futures up decently on this, inauguration day. Economic Calendar: Harker Speaks…
Market Update: Stock futures are a little lower before Thursday’s open as investors digest the latest round of earnings data and wait for the inauguration on Friday. Gary’s Thoughts: But…Tesla upgrade gets it $9. Netflix up $9 on upgrade. CSX up $6…something about a rail mogul leaving one company and maybe looking at other companies….
Stocks were close in the U.S. on Monday in observance of the MLK holiday. Overseas markets fell on Monday after rumor spread that England would seek a hard Brexit. Stocks fell on Tuesday dragged lower by the financials. The U.S. dollar fell hard after President-Elect Donald Trump said in an interview that the U.S. dollar…
