Quiet trading continued in the last week of 2016, as trading volume was weak as usual during the holiday period. The major indices turned lower in thin trading, as international worries and political tension overshadowed the mostly positive economic numbers. The diplomatic bout with Russia weighed heavily on stocks and the dollar in the second…
DetailsGoodbye, 2016… It’s about to be a new year, we’re about to have a new president, and Wall Street is all abuzz as the planets seem to be aligning for a prosperous 2017. There were some developments this past year that could bode very well for investors over the next 12 months (at least)…
DetailsThe big day came last week, as the Federal Reserve finally raised its benchmark interest rate to a, still historically low, 0.5%. The tightening move was the first one since last December, but now it seems it won’t be another “orphan” hike, and rates will continue to normalize in the coming year. Despite the expected…
DetailsState of the Stock Market Analysis for the Week Ending December 25th, 2016 (Major Indices Continue to Climb for the Holidays 12-25-16) It was a long year for investors, but we closed out Friday with the three major indices slightly higher as we head toward the last week of trading. Bulls are still optimistic that…
DetailsAre you excited? Are you chomping at the bit? Are you having a hard time containing yourself? Or… Are you filled with dread? Biting your nails to the quick? It all depends on what side of the line you’re standing on… With the election of Donald J. Trump as…
DetailsState of the Stock Market Analysis for the Week Ending December 18th, 2016 (Not A Bad Week for Stock Market 12-18-16) While Dow 20,000 is not all that important from a technical standpoint, it still is one of those levels that will get a lot of attention as we head toward 2017. The Dow had…
Details“For everything, a season…” While this quote may have biblical origins, it doesn’t mean we can’t apply it to the financial world. Especially when it comes to buying and selling stocks. Timing is everything and knowing when to get in and when to get out is the most important thing to know for…
DetailsThe recent correction on Wall Street resolved in a very satisfying way for bulls last week. The major indices all finished the period with significant gains, as small caps continued to lead the way, providing a solid base for the rally. The main benchmarks completed a rare “clean sweep,” advancing in all five sessions of…
DetailsState of the Stock Market Analysis for the Week Ending December 11th, 2016 (Post-Election Consumer Sentiment Positively Soaring 12-11-16) We can probably thank Friday’s University of Michigan Consumer Sentiment number for December, which rose sharply toward its highest level since 2004. Economists were looking for a 95.0 reading, which would have been up from the…
DetailsWhen you think of the captains of industry and tycoons of years past what do you think of? What’s the one thing that seemed to create everlasting fortunes for the heirs of these men of vision? If you guessed steel, you’d be close… But as you could probably guess from the…
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