Stocks fell on Thursday as investors digested the latest round of economic and earnings data. Before the open, the government said U.S. GDP rose 1.4% in the second quarter, beating estimates for 1.1%. Mid-day, stocks were slammed after some Deutsche Bank clients reduced collateral on trades. Separately, shares of Wells Fargo (WFC) took out their…
Stocks rallied on Wednesday as investors digested a rather busy day. Six Fed heads spoke, including Janet Yellen, with the big headline coming from Mr. Evans. Mr. Evans said, rates should stay low for a long time, and that sparked a nice afternoon rally. Elsewhere, oil surged after rumor spread that OPEC will cut production in November….
Market Update: Stock futures are flat ahead of Thursday’s open as investors approach the end of the month and the end of quarter. Gary’s Thoughts: Energy on radar screen now. Economic Calendar: Patrick Harker Speaks 5:00 AM ET GDP 8:30 AM ET International Trade in Goods 8:30 AM ET Jobless Claims 8:30 AM ET Corporate Profits 8:30 AM ET Dennis…
Stocks rallied on Tuesday after investors digested the first Presidential debate and the latest round of economic data. The S&P Case-Shiller index showed home prices were flat last month, missing estimates for a gain of 0.1%. Meanwhile, year-over-year, home prices rose by 5% which is a decent gain. A few home-builders rallied on the news….
Market Update: Stocks futures are flat ahead of Wednesday’s open as we approach the last few days of the month and quarter. Economic Data: We see the head honchos at Wells Fargo are now giving back money…but making $100 million and giving back $15 million will not suffice. Markets almost gets back what it lost on…
Stocks fell on Monday as investors waited for the first Presidential debate to begin at 9pm EST. The latest polls show that Donald Trump has surged in recent weeks and a Bloomberg poll released Monday morning showed both candidates were deadlocked. Economic data was relatively light, new home sales hit 609K in August vs. 597K estimate. Mario…
Market Update: Stocks futures gave back earlier gains and are now relatively unchanged ahead of Tuesday’s open as the market digests Monday night’s first Presidential Debate. Economic Data: Futures were up nicely overnight but now flat. We will have a complete wrap up on our thoughts on the debate tonight. Market icky here. Redbook 8:55 AM ET…
by Michael Snyder via The Economic Collapse blog, #1 When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt. Today, the U.S. government is 19.5 trillion dollars in debt, and Obama still has several months to go until the end of his second term. That means that an average of more than…
Was going to post weekend report but want it to be short. Tonight is the debate. But yesterday, Arnold Palmer passed away. Mr. Palmer was my idol when I was a young child along with Willie Mays in baseball. I had heard of his failing health but one still does not want to hear the…
Stocks rallied on Thursday one day after the Bank of Japan and the U.S. Federal Reserve fired their latest easy money bazooka’s. Economic data was mixed. Weekly jobless claims came in at 252k, beating the Street’s estimate for 261k. The Chicago Fed National Activity Index fell to -0.55, missing estimates for 0.15. The FHFA House…
