Stocks were relatively quiet on Tuesday and closed higher as oil prices jumped 5% on renewed hope OPEC will cut production. Elsewhere, shipping stocks soared and the Nasdaq bounced back after lagging hard since the election. Gary’s Thoughts: Only one thing wrong…massive frothy action in money losing, almost bankrupt shipping stocks, some that did massive…
Market Update: Stock futures are relatively quiet ahead of Tuesday’s open as the market continues to digest last week’s very strong rally. Gary’s Thoughts: At 835 AM, futures were flat. In a nanosecond, the dead, the down and out, the crushed big Nasdaq-types were juiced with NDX now up .5% premarket. Everything else less so….
Stocks opened higher on Monday, briefly dipped lower than edged higher to mixed by the close. The Nasdaq lagged for most of the day. President- Elect Donald Trump said in a 60 Minutes interview that he wants to unify the country. In other news, mortgage rates jumped to 4% since the election. Gary’s Thoughts: What’s…
Market Update: Stock futures are relatively quiet ahead of Monday’s open as the market pauses to digest last week’s very strong rally. Gary’s Thoughts: More of the same pre-market this morning. As we write this, NDX futures down…S&P futures up. Banks,steel and “Trump stuff” continues to get the bid. Keep in mind, these areas are technically,…
It is that time of the year when we think of others during the Thanksgiving season. The 13th annual Kaltbaum family Blessing’s Banquet will be held this Wednesday, November 16th at the Universal Club of the Boy’s and Girl’s Clubs of Central Florida. We will be gladly serving another 400 youth a bountiful Thanksgiving dinner…
Stocks were relatively quiet on Friday as the market paused to digest its strongest weekly gain of the year. Oil prices fell 3% which dragged down a slew of energy stocks. Oil fell after people questioned the ability for OPEC to actually reach a deal and cut production. It’s perfectly normal to see the market…
Lots of jello moving on plate today. Best advice…all the areas that spiked on Trump victory are about as extended as could be. Doesn’t mean they don’t just rocket higher but gravity should take over and have them pulling in. Oil prices continue plunge as oil stocks continue the ugly. Ditto for Gold/silver. Biotech was…
Market Update: Stock futures are lower ahead of Friday’s open as the market pauses to digest a very strong week on Wall Street. Gary’s Thoughts: We will have a complete report on the changing of the guard in Washington, in corporate America and the markets over the weekend. Read again what we wrote last night…while…
The Dow hit a fresh record high on Thursday helped by a large rally in the financials, industrials, materials and transports. The Nasdaq and Nasdaq 100 spent the session in the red as several big growth stocks remain under pressure (AAPL, AMZN, FB, FLT, BABA, just to name a few). Almost overnight, the areas of the…
From zerohedge…from the Trump transition team, this is some of where they want to take the country! The full report can be seen here: https://www.greatagain.gov/index.html The key highlights include: overhaul in immigration policies, including “Building that Wall” , the Trump transition team will “execute on the following ten-point plan to restore integrity to our immigration system,…
