Stocks experienced a healthy rally towards the end of last week, after the uncertainty regarding the Federal Reserve cleared on Wednesday. Investors feared a “premature” rate hike by the Central Bank that could have sparked a deeper correction on Wall Street. The major indices climbed back to trade close to their all-time highs following the…
DetailsState of the Stock Market Analysis for the Week Ending September 25th, 2016 (Lowest PMI Levels Since June Raise Economic Concerns 9-25-16) Stocks may have closed out the week on a negative note, but it was a positive week nonetheless. There was some concern about the preliminary Purchasing Managers Index (PMI) coming in at 51.4…
DetailsTraders digested the steep losses of the previous Friday all week long, as the major indices stayed inside the range of the most volatile session since the Brexit-panic. The Nasdaq outperformed the other benchmarks as Apple (AAPL) led tech stocks higher, following a successful launch of the company’s latest flagship, the iPhone 7. Traders took…
DetailsState of the Stock Market Analysis for the Week Ending September 18th, 2016 (Rate Hike Seems Unlikely as Week Finishes on Low Note 9-18-16) It was a strange week for the stock market, and we closed out Friday to the downside. It was not all that bad of a week, though, and the hefty 12%…
DetailsDid you look outside today?! Did you notice anything weird?! Did anything hit you on the head when you stepped outside to grab your paper? No? Consider yourself lucky then, because if you logged onto any of the financial news sites recently – you noticed that apparently the proverbial sky is falling on Wall Street!…
DetailsStocks on Wall Street had their least volatile two-month period in more than a hundred years this summer, as the S&P traded in a 2%-range from mid-July up until Friday. Experienced traders were prepared for that to change last week, as sadly enough, the summer officially ended with the Labor Day weekend. The holiday-shortened week…
DetailsState of the Stock Market Analysis for the Week Ending September 11th, 2016 (Declining Job Numbers Leads to Possibility of Rate Hike 9-11-16) The hard part of Friday’s stock market decline was the fact that the U.S. Federal Reserve was hanging tough with its multi-week hawkish comments about a September rate hike. The Fed even…
DetailsToday I wanted to talk to you about something a little controversial… Well, maybe controversial isn’t the right word – maybe it’s better to say that our subject today isn’t something most people want to talk about – almost taboo. Maybe it’s uncomfortable for them to talk about… Or maybe it’s just not their thing…
DetailsStocks completed a mixed week before the long Labor Day weekend, but the major indices finished the period with a decisively upbeat session. Small caps and tech stocks quickly shrugged off the slight weakness that the Gorilla noticed previously, leading the broader market higher, following the somewhat bearish non-farm payrolls number. The mostly positive reaction…
DetailsState of the Stock Market Analysis for the Week Ending September 4th, 2016 (Declining Job Numbers Leads to Possibility of Rate Hike 9-4-16) It was one of those weeks in which we thought we would get some clarity, but clarity never showed up. The government jobs report showed 151,000 new jobs for August, which was…
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