We know we have a maniacal Fed meeting tomorrow. We know we have an election next Tuesday that looks like as of this juncture, anything is possible. But absent the Fed announcing another round of QE, our thoughts of the market deteriorating continues. In fact, on a daily basis, the underlying action continues to worsen. While…
Stocks were quiet on Monday which was the last trading day of October. All the major averages ended lower in October with the S&P 500 and Dow Jones Industrial Average experiencing their third straight monthly decline. News was relatively quiet as investors continued to digest the latest round of mixed earnings data and continued watching…
Market Update: Stock futures are higher ahead of Tuesday’s open as investors wait the Fed to wrap up its meeting on Wednesday and continue to digest latest round of earnings data. Gary’s Thoughts: Dollar is indeed sinking here with commodities with little gaps to the upside. A weaker dollar, in the past, has been a…
By Gary K More deterioration…simple as that. Most are blaming Friday’s swoon after a strong open on the Clinton news and gather they are correct. But we do not rationalize. Just remember, markets have been deteriorating for weeks. And now: The Russell 2000 indeed broke the support we outlined for you at about 1200. In…
“TWO POST PRESIDENCIES!” By Gary Kaltbaum- October 30,2016 The following is the Wikipedia (not wikileaks) section of President Jimmy Carter’s post-presidency. We have disagreements with many of his policies, especially what seems to be his continuous anti-Israel policy as well as the coddling of some nefarious leaders around the world but we will leave that…
Market Update: Stock futures are quiet ahead of Monday’s open as investors look forward to the next Fed meeting on Wednesday and the latest round of earnings data. Gary’s Thoughts: Futures up a wee bit after an election news-moving Friday. Continue to be patient. Economic Calendar: Personal Income and Outlays 8:30 AM ET Chicago PMI…
Stocks opened higher but closed lower on Thursday as investors digested the latest round of economic and earnings data. It was another busy day for earnings with shares of Service Now (NOW), Twitter (TWTR) and Tesla (TSLA) among the companies that rallied after reporting numbers while shares of Lending Tree (TREE), O’Reilly Automotive Inc (ORLY,…
Market Update: Stock futures are a little higher ahead of Friday’s open as the Street digests the latest round of mixed earnings data. The latest reading on GDP is slated to be released at 8:30am EST. Gary’s Thoughts: S&P flat…NDX down because Amazon down $45 from yesterday’s close. Google up $8 from yesterday’s close. Bond…
Market Update: Stock futures are a little higher ahead of Thursday’s open as investors continue to digest a slew of earnings reports. Gary’s Thoughts: After yesterday’s reversal. guess what? A little gap to the upside. While there are a bunch of names gapping down off of earnings, we make note of the slew of names…
Stocks opened lower but closed mixed on Wednesday after Apple Inc (AAPL) gapped down after reporting earnings. A slew of other stocks reported earnings as well and, so far, there is a slight bias to the downside. Meaning, more stocks are falling, after reporting earnings, than rallying. Stocks turned higher after oil prices reversed on…
