Stocks were mixed to mostly higher on Monday as the market continues to grind higher ahead of Wednesday’s Fed meeting. Overnight, China said industrial output was the weakest since 2009, but the Shanghai index still rallied close to 2%. The rally in Chinese stocks came after the new head securities regulator made it clear that he…
Stock Market Overview: Futures are lower ahead of Tuesday’s open as markets digest the Bank of Japan (BOJ) decision to keep monetary policy unchanged and wait for the Fed to conclude its latest meeting on Wednesday. Gary’s Thoughts: We came into the week thinking commodities could pull back and things need to slow down as we are…
SOURCE: http://www.foxbusiness.com/markets/2016/03/14/next-subprime-crisis-could-be-in-autos.html
Just remember, everything is fine as long as markets cooperate. Just remember, central banks are defending the markets because they are afraid of what the markets might do if they did not constantly interfere with their 0% rates, negative rates, printing of money and their outright buying of equities and now, Europe’s buying of corporates. Just…
Stock Market Overview: Futures are up nicely before Friday’s open after Thursday’s wild post ECB action. The ECB threw the kitchen sink, the drapes, the furniture, the pool, the acreage and everything else under the sun but stocks still sold off then ended flat in the US. Next week we have the Bank of Japan…
It was a wild day in markets across the globe. Stocks opened higher but closed lower on Thursday in a classic case of buy the rumor and sell the news. Before Thursday’s open, the European Central Bank (ECB) fired another shot from their easy money bazooka. The ECB cut their benchmark interest rate to 0%…
Stock Market Overview: Futures are up strong as the ECB throws in the kitchen sink, the drapes, the furniture, the pool, the acreage and everything else under the sun. Gary’s Thoughts: This news is coming from a very overbought condition but that doesn’t matter. $1 trillion goes a long way. Keep in mind, this is…
One more note: We forgot to mention that we believe Gold and gold stocks hit a near term top over the past 3 days as 2 of those days finished at the lows of the day off of very extended conditions to the upside. Pullbacks are normal from these conditions. Volume was heavy on the…
Why is it when Republicans vote for somebody they are deemed to be angry but when Democrats vote for somebody they are deemed to be intellectual and reasoned? Just saying! Also, needed to point out the establishment still does not get it. We still have a long way to go but the establishment had better…
Stock Market Overview: Futures are up ahead of Wednesday’s open as stocks try to recover from Tuesday’s sell off. Gary’s Thoughts: Saw this headline: “Yesterday’s laggards are today’s leaders! Of course, we haven’t even opened yet. Commodities ruling the day! Economic Data: MBA Mortgage Applications 7 am EST Wholesale Trade Data 10 am EST EIA…
