Stocks opened higher but quickly lost ground and ended lower as the market continued trading all over the map. Apple fell which dragged the market lower as it pauses to digest a very strong rally last week. Elsewhere, several small biotech stocks rallied nicely after the FDA approved a controversial drug from Sarepta (SRPT). Economic…
Hillary says we need tougher vetting of immigrants. Is she now a racist? To Colin Kaepernick and the rest who are trying to make a point. Here is a point. Those same terrible men and women in uniform just risked their lives and caught a terrorist alive. This means there is a good chance we…
Our overall central bank theme remains the same. We believe every asset price, every data point and every economic statistic is working off of the easiest monetary policy in the history of time…and to the trillionth power. Because of this, we believe central banks can never roll back their nonsense. We simply believe they are boxed in…
SOURCE: http://www.wsj.com/articles/washingtons-wake-up-call-1473808747
1) Apple’s market cap is up over $60 billion since the upside surprise pre-order announcement. 2) Wells Fargo’s market cap is down almost $20 billion since the announcement of its chicanery. 3) A Dr. Natalie Azar was brought on MSNBC Thursday just to say Donald Trump “has some risk factors for heart disease.” No tests on him. No facts…
Market Update: Stock futures are a lower ahead of Friday’s open as the market tries to bounce back after last Friday’s steep sell-off. Gary’s Thoughts: But not much lower. Intel just raised guidance turning the lower market back near even. Economic Data: Quadruple Witching Consumer Price Index 8:30 AM ET Consumer Sentiment 10:00 AM ET Baker-Hughes Rig Count 1:00 PM…
Ceasefire stalls at Aleppo Aligned with Russia in Syria, Pentagon awkwardly treads on new terrain Clinton resumes campaigning after pneumonia as race tightens Weak U.S. retail sales, factory data dampen rate hike prospects Apple says initial quantities of iPhone 7 Plus sold out
Stocks rallied on Thursday after the latest round of mostly disappointing economic data was released. The big miss came from retail sales, they fell -0.3% last month, missing estimates for an unchanged reading. Elsewhere, Jobless Claims came in at 260k, lower than the Street’s estimate for 265k. The Producer Price Index (PPI) came in flat which was…
Stocks ended mixed on Wednesday as oil prices fell another 3%. Economic data was relatively light. Import prices fell -0.2% last month and economist’s were expecting a decline of -0.1%. Over the past year, import prices slid -2.2%, which was the smallest decline since October 2014. In other news, shares of Apple Inc. (AAPL) broke…
5 Things you may not know: Today is the eight year anniversary of Lehman Brothers filing for Chapter 11 bankruptcy protection in what still is the largest bankruptcy filing in US history. It is said that this default started the maniacal Bernanke’s and then the rest of the world’s dive into the depths of easy money,…
