Oh, Brexit… you silly little political movement – have you seen what you’ve done to the markets?! Even worse… Have you seen what you’ve done to your own currency? The British Pound has taken a shellacking since the outcome of the Brexit vote – and it doesn’t seem the beating will stop any time soon……
DetailsTraders had to wait until Friday’s session again for any sustained move on Wall Street, as all eyes were focused on the non-farm payrolls number that traditionally comes out on “Jobs Friday.” This time around it was well worth the wait, as the blowout 287,000 reading triggered one of the strongest one-day rallies of 2016.…
DetailsState of the Stock Market Analysis for the Week Ending July 9th, 2016 (High Employment has Bulls Singing 7-10-16) Bulls were hoping for some good economic news and a catalyst to head higher, and we got it in the form of a blow-out employment number of 287,000 for June that handily topped expectations of 173,000 as…
Details2016. Regardless of which country the rest of the world population inhabits, many are focusing on what’s happening in the Good Ol’ USA and the race to see which character ends up ruling the White House… Or what’s come to be known as the most famous (or infamous) popularity contest on the planet. That’s right…
DetailsWall Street provided a week of promising price action for investors, despite a Monday that won’t go down in history as the most bullish day ever. The rest of the week, on the other hand, proved once again just how strong the U.S. stock market is right now. The major indices managed to climb back…
DetailsState of the Stock Market Analysis for the Week Ending July 3rd, 2016 (Markets Bounce Back and Look Past Brexit 7-3-16) What a week it was, as we saw the major indices bounce back from last Friday’s 600-point decline in the Dow and finish the week essentially back where we were before the Brexit vote.…
DetailsThanks, Britain… No, truly… THANK YOU! You’re probably wondering why I’m not panicking. Why I’m not running around like the rest of the “Chicken Littles” of the world – worried about the sky falling – well, I’ll tell you… Because by voting to exit the European Union – Britain has just given the world one…
DetailsUnprecedented volatility hit financial markets on Friday, as the electorate of the United Kingdom opted to exit the European Union on Thursday. The surprising decision sparked a historic decline in the British pound and, in turn, European stocks. Traders across the globe were shocked by the extent of the moves, and it brought back memories…
DetailsState of the Stock Market Analysis for the Week Ending June 26th, 2016 (Brexit Sends Global Markets Reeling 6-26-16) Just as we thought that the stock market was heading toward that proverbial “summer rally,” the British decided to exit the EU in a close vote that sent global markets reeling. It was far from a crash…
DetailsWhen it comes to news, most Americans only follow the stories that pertain to their lives, views and ideals. They shelter themselves in a cocoon of news sources that reinforce their ideas… Conservatives tout the truthfulness of Fox…. Liberals cling to the Rachel Maddows of MSNBC… But the problem in following this practice is simple:…
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