Stocks were quiet on Wednesday after the Fed released its beige book and Apple launched new products. The Fed’s beige book showed modest growth across most of the country which was largely expected and barely moved the needle. Separately, Apple announced several new products, including a new iPhone 7, which is water resistant and will…
Market Update: Stock futures are a flat ahead of Thursday’s open as the major indices remain perched below record highs. Gary’s Thoughts: The easy money maniac at the ECB just said no need for more stimulus this second…so futures just fell. As we write this, the DAX is now down 130 points. Don’t worry…after the…
Stocks were closed on Monday in observance of Labor Day. On Tuesday, stocks were quiet as investors returned from the long holiday weekend. Over the weekend the G-20 held their latest meeting but didn’t agree to anything substantial. On Tuesday, the ISM non-manufacturing index fell to a 6.5 year low and missed estimates. This was the…
Market Update: Stock futures are flat ahead of Wednesday’s open as the major indices remain perched below record highs. Gary’s Thoughts: New group turning up? Airlines! Watch them. Other transports also…rails… Economic Data: MBA Mortgage Applications 7:00 AM ET Gallup U.S. Job Creation Index 8:30 AM ET Redbook 8:55 AM ET PMI Services Index 9:45 AM ET Esther George…
SOURCE: http://www.wsj.com/articles/equity-markets-could-get-a-boost-if-central-banks-started-buying-1473090954
By Gary Kaltbaum-September 5, 2016 For the past 7 weeks, major indices have sat tight. In fact, hardly moving more than a couple percent. But underneath the surface, there has been good action as small and mid-caps have now come to the fore. The worst areas have been defensive areas like utilities, reits and the…
Stocks were relatively quiet on Thursday as investors waited for Friday’s fake jobs report to be released. Before Thursday’s open, stock futures were slightly higher after several international factory orders jumped, mainly in China, UK, and other parts of Europe. China’s factory activity jumped to the fastest pace in nearly two years and U.K.’s factory activity…
Market Update: Stock futures are waiting for the employment number as the Dow Jones Industrial Average tries to bounce off its 50 DMA line and the market waits for the fake jobs report. Gary’s Thoughts: The employment number worse than expected so the market goes from betting on a rate hike to betting on a no——way…
There has been a bet placed by the market over the past week or so and that is or was that the fed will raise rates sooner rather than later. This mantra has been going on for 22 months. 22 months ago, the fed stopped printing and since, has teased and yapped away rate hikes…
Stocks fell after most of Wednesday’s economic data strengthened the argument for another rate hike. ADP, the country’s largest private payrolls report, said private U.S. employers added 177k new jobs, beating estimates for 175k in July. Weekly mortgage applications rose by +2.8%, which was higher than last week’s reading of -2.1%. Elsewhere, pending home sales jumped…
