State of the Stock Market Analysis for the Week Ending September 17, 2017 (Amidst Global Unrest, Market Edges Toward All-Time Highs 9-17-17) Despite hurricane fallout, terror attacks, another North Korean missile launch, and general global nervousness, the stock market once again edged toward all-time highs this past week. It did so calmly and quietly with…
DetailsIn South Florida, where GorillaTrades is headquartered, June 1st marks the first day when residents of the bottom half of the Sunshine State begin to collectively hold their breath for 5 months… As June 1st is the first official day of hurricane season. So far, we’ve had 11 named storms in 2017 with a few…
DetailsWall Street endured multiple blows during the holiday-shortened week, as investors were spooked by renewed geopolitical tensions, an intense hurricane season, and central bank uncertainties. The major indices started out the week on a negative note after the hydrogen bomb test conducted by North Korea, which will likely have widespread consequences in the coming months.…
DetailsState of the Stock Market Analysis for the Week Ending September 10, 2017 (A Long Week On Wall Street 9-10-17) It was a long week on Wall Street as investors had to factor in three hurricanes. a big earthquake in Mexico, and a hacking breach at Equifax (EFX) that apparently released the personal data of…
DetailsIn 1973, then President Richard Nixon and his administration made the correct call of decoupling the US dollar from gold, thereby changing the world of finance forever. Now, while I agree breaking from the Gold Standard was the right move at that time (Thanks, France)… The fact that there was nothing physical, no…
DetailsThe last week of August was nothing short of great for bulls, as the market proved itself yet again, defusing the fears of a deeper correction. North Korea fired a ballistic missile over Japan, heating up geopolitical tensions, and the devastation of Hurricane Harvey turned out to be much worse than expected, but equities barely…
DetailsState of the Stock Market Analysis for the Week Ending August 27th, 2017 (Global Economy Growth is Lackluster 8-27-17) A Happy Labor Day Weekend to all, and while volume was light, we closed out Friday positive. Bulls were hoping for new highs for the major indices to close out the week, but that was not to…
Details“Magic’s just science that we don’t understand yet.” Science IS magic… Can you imagine being able to go back in time and show somebody from the dark ages a smart phone? They’d absolutely flip out if you took and showed them videos of themselves. They’d brand you a wizard and probably have you…
DetailsWall Street experienced a quiet week of trading, as investors were waiting for the Fed’s annual Jackson Hole symposium. (There are also very few economic releases coming out before the end of the summer season.) The much-awaited meeting didn’t change the underlying trends in the market, with no major shifts in the central bank’s rhetoric.…
DetailsState of the Stock Market Analysis for the Week Ending August 27th, 2017 (Global Economy Growth is Lackluster 8-27-17) The buzz from Jackson Hole is that the global economy is good, but not great. Janet Yellen’s morning speech emphasized that global central banks did their jobs and performed as necessary following the 2008-2009 global meltdown. She…
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