Stocks fell on Wednesday as investors digested a slew of economic and earnings data. Before the open, ADP said private employers added 156k new jobs in April, missing estimates for 193k. That was the weakest print since 142k in Feb 2014. After the open, the PMI services index came in at 52.8, just higher than the…
Stock Market Overview: Futures are a little higher ahead of Thursday’s open as investors digest another busy week of earnings and wait for Friday’s always fun fake jobs report. Gary’s Thoughts: Obligatory gap off the support we talked about last night. Oil soaring on some news that may be temporary. Economic Data: Chain Store Sales[Bullet Challenger Job-Cut…
Last week, we really believed that the market itself was showing characteristics that it was tired. But that by itself does not send a market down. We then saw the selling that got us to take notice and tell you we thought the market was about to top for now. THE MARKET HAS INDEED TOPPED FOR…
Stocks rallied on Monday as investors digested the latest round of tepid economic and earnings data. Over the weekend, China’s official manufacturing PMI came in a t 50.1 last month, down from 50.2 in March. The services component came in at 53.5, compared with 53.8 in March. In the U.S., the PMI manufacturing index came in at…
Stock Market Overview: Futures are lower ahead of Tuesday’s open as investors digest another busy week of earnings and wait for Friday’s always fun fake jobs report. Gary’s Thoughts: China numbers not so good. UK numbers not so good. Futures whacked a wee bit. Remember our thoughts from the weekend. Economic Data: Motor Vehicle Sales Gallup US…
By Gary Kaltbaum May 1, 2016 In the 50 years ended 2010, a $10,000 investment in the S&P 500, including dividends reinvested, did a little more than a double to $22,659 from the May 1st period through October 31st. That same $10,000 when invested from November 1st through April 30th, turned into $438,967. Since, except for the QE3-induced…
We will have a bigger report over the weekend but: After calling for a low on February 11-12, we think there is a darn good chance that yesterday’s action marks the high for now. We are seeing a lot of tops in place…simple as that…while we are seeing gold and other commodities continue with their…
Stock Market Overview: Futures are slightly lower ahead of Friday’s open as investors digest a volatile week. The market digested a slew of earnings and economic data this week. Gary’s Thoughts: And we forgot gold breaking out now. Gold stocks led the metal. And….we think there is a better than 50% shot that market topped…
Stocks fell hard on Thursday as investors digested the latest round of economic and earnings data. Before the open, stock futures were lower after the Bank of Japan (BOJ) decided to do nothing at their latest meeting. Some investors wanted to see them do more, hence the initial sell-off. At 8:30am EST, the government said…
Stocks opened lower but closed mixed on Wednesday after the Fed reiterated its easy money stance and investors digested a slew of earnings data. Separately, Crude oil hit a fresh high for 2016 which helped a slew of energy stocks continue to rally. On the economic front, pending home sales came in at 1.4%, beating…
