“How the hell can a market look so bad on a Thursday and just gap up big on Friday?” We would just love to know the answer to this question. The fact is we have had some great days, only to gap down the next day. Our best answer is when you have so many…
Stock Market Overview: Futures are up ahead of Friday’s open as investors digest this week’s decline. Gary’s Thoughts: And we indeed get the obligatory gap to the upside today. Remember, Yellen is going to lower rates and print more money. That is our belief. By they way, did you notice nothing but negative market articles this…
Stocks fell on Thursday as sellers finally showed up. The selling began in Asia and Europe and continued in the U.S. Japan’s stock market continued to fall as the Yen soared. European stock markets were mostly lower even though the European Central Bank (ECB) hinted at even more easy money! President Mario Draghi wrote in…
Stock Market Overview: Futures are lower ahead of Thursday’s open as markets remain lower for the week. Gary’s Thoughts: We expected to wake up from our let lagged fog to see a strong Europe and Asia overnight but nothing doing. As we mentioned last night, they are lagging badly. Not sure it is meaningful…but something to…
Stocks rallied on Wednesday, helped by more easy money from the Fed and a big rally in a slew of Biotech (IBB) and Healthcare (XLV) stocks. Transportation stocks lagged for most of the day as they pause to digest the recent rally. The Fed released the minutes of their latest meeting and the minutes reiterated…
Stock Market Overview: Futures are up a little ahead of Wednesday’s open as stock markets across the globe fell on Tuesday, led by steep declines in Europe and Japan. Gary’s Thoughts: Watching oil prices up sharply this morning. Oils/energy been on rest/pullback past few weeks. Otherwise, refer to what we said last night. Massive earnings just ahead!…
Stocks fell on Tuesday as global selling continued on sluggish global economic growth. Japanese and European stock markets fell after the IMF warned of a global economic slowdown. Overnight, India’s Central Bank joined the easy money party and lowered its key interest rate to 6.5%, from 6.75%. Meanwhile, Australia’s Central Bank held rates stead. In the…
Stock Market Overview: Futures are lower ahead of Tuesday’s open as investors pause to digest the recent and very strong 7-week rally. Gary’s Thoughts: Japan and Asia markets rolling over. European markets look the same. This is not an opinion. Pay heed. Economic Data: Trade Balance (8:30): -$46.3 bn expected Markit US Services PMI (9:45) Markit…
Stocks fell on Monday as markets paused to digest the very strong rally we have seen over the past 8 weeks. Commodities dragged stocks lower even though the US dollar also fell. Alaska Air ($ALK) said it plans to acquire Virgin America (VA) in a deal valued at $4 billion. Groupon (GRPN) rallied after the…
We are back from China. We will have our thoughts on China and the economy later in the week but first: Earnings growth does not matter. Sales growth does not matter. GDP does not matter. Debt, we mean massive debt does not matter. Leverage, we mean massive leverage does not matter. Communist presidential candidates do…
