Market Update: Futures are higher ahead of Thursday’s open as investors wait for the outcome of the much anticipated Brexit vote. The United Kingdom will vote in a referendum to decide whether Britain will remain in the European Union (the referendum is known as the “Brexit”). Polls will open at 2 a.m. EDT and close at…
Stocks fell on Wednesday as Yellen wrapped up her testimony on Capitol Hill and investors waited for Thursday’s Brexit vote. Stocks were mostly quiet with a little bounce in health care stocks early in the day on a favorable court ruling. But sellers showed up by the close and erased some of the gains by…
By Gary Kaltbaum- June 22,2016 A few thoughts one having nothing to do with the other: We think the dreaded Brexit is not the big deal pundits are making it out to be. A) We think odds favor the vote will go against leaving. Human psychology does not like change. But to our bleary eyes,…
By Gary Kaltbaum- June 21,2016 We have been talking and writing about the sickening Fed policy that for years, has completely ripped off savers, completely destroyed the riskless income investment, completely forcing these saved dollars into risky income investments and for that matter, into the markets. This morning, Mrs. Bubble was asked by Rep Jeb…
Market Update: Futures are higher ahead of Tuesday’s open as investors digest Monday’s strong rally. Janet Yellen will testify to Congress on Tuesday and Wednesday and the Brexit vote is Thursday. Gary’s Thoughts: Smaller gap to upside this morning. We hear it is all bout the Brexit. A poll of 50 people says… We have no…
Stocks opened higher on Monday after the latest Brexit poll came out over the weekend and hinted they will stay. But sellers showed up by the close and stocks ended well off their highs. The British Pound (FXB) gapped up on the news. JD.Com ($JD) rallied after Wal-Mart ($WMT) said it would sell its online business to…
We had a report all ready for you on what we call the “big bowl of slop” market as we have seen a decent amount of deterioration recently. But after getting past being held hostage by Mrs Bubble, next up was the Brexit. Markets have teased the upside and downside depending on which way the…
On Thursday, stocks opened lower but closed near their highs after several major global central banks concluded their latest meetings. The Bank of Japan (BOJ), Bank of England (BOE) and The Swiss National Bank (SNB) did not announce any changes to monetary policy and that spooked investors and sparked a rally into so-called “safe-heaven” asset classes….
Market Update: Futures are lower ahead of Thursday’s open as markets digest the Fed meeting and another round of Central Bank meetings. Gary’s Thoughts: On or about 5/18, many fedheads were out just about guaranteeing a fed rate hike in June. That caused the dollar to spike higher and gold to break below support. In a…
Stocks opened higher on Wednesday but turned lower after the Fed meeting and press conference. The Fed held rates steady and turned more “dovish” as they reduced the likelihood of more rate hikes in the future. Economic data was mixed. The producer price index (PPI) rose by 0.4% in May, beating estimates for 0.3%. Industrial production fell to…
