Stocks fell on Tuesday as investors digested the latest round of economic data. The S&P Case-Shiller Index slid -0.1% on a monthly basis and missed estimates for a gain of +0.1%. Overall, the index rose by 5.1% vs the same period last year. Elsewhere, consumer confidence rose to 101.1, beating estimates for 97.3. Shares of Hershey (HSY)…
Market Update: Stock futures are quiet ahead of Wednesday’s open as the market continues trading near record highs. Gary’s Thoughts: Dollar/discount retail, Gold, silver, metals, mining, steel, utilities, reits (not all), retail (many), tobacco, other consumer staples,auto part retail, lots of healthcare…..notice more and more areas under pressure here. Does not mean the end of the world…
Stocks rallied on Monday as investors digested the latest round of economic data and last week’s Fed symposium in Jackson Hole. Consumer spending edged higher by +0.3% in July which matched the Street’s consensus. Meanwhile, the personal consumption expenditures (PCE) price index, which is one of the Fed’s preferred inflation indicators, rose 0.1% in July and is…
Market Update: Stock futures are quiet ahead of Tuesday’s open as the market continues trading near record highs. Gary’s Thoughts: Apple told to pay billions in taxes. Not much else happening! Economic Data: Redbook 8:55 AM ET S&P Case-Shiller HPI 9:00 AM ET Consumer Confidence 10:00 AM ET State Street Investor Confidence Index 10:00 AM ET 4-Week Bill Auction 11:30 AM…
Thursday was another quiet day on Wall Street as the market continued to consolidate the recent and strong post brexit rally and waited for Yellen’s speech and the latest reading on GDP on Friday. Economic data topped estimates, with initial jobless claims falling for a third consecutive week to 261,000. Separately, durable goods orders jumped…
Market Update: Stock futures are quiet ahead of Friday’s open as the market waits for GDP and Yellen’s speech from Jackson Hole, WY. Gary’s Thoughts: 10 am Yellen speech…blah blah blah! We’ll have big report for you on Sunday. And do not forget…WE ARE NOW INTO END OF MONTH WINDOW DRESSING…even though it is illegal to…
Source: http://www.wsj.com/articles/obama-administration-seeks-to-ease-concerns-over-health-insurance-spikes-1472061666
Yesterday on Fox Business, we noted that Mylan kept raising prices on the Epipen because they could get away with it. There was no one else in the market and anyone who tried to compete, was slowed down by an ineffecient and ineffective approval system as well as politics. They have now been found out…
Stocks slid on Wednesday, dragged lower by a steep decline in Gold and Silver. Gold and Silver stocks have been one of the strongest areas in the market all year but are now in pullback mode as they recently placed a near term top and broke below their respective 50 DMA lines on Wednesday. Economic…
Market Update: Stock futures are lower ahead of Thursday’s open as the market pulls back ahead of GDP and Yellen’s speech on Friday. Gary’s Thoughts: A little more downside off of yesterday. Tomorrow, Yellen speaks. Hope she gets laryngitis. Economic Data: Durable Goods Orders 8:30 AM ET Jobless Claims 8:30 AM ET Bloomberg Consumer Comfort Index 9:45 AM ET EIA…
