Janet Yellen and the Federal Reserve are back as the center of attention in the summer heat, as investors are trying to decide whether or not the monetary tightening cycle is for real. While Mario Draghi gave a huge boost to yields globally just three weeks ago, Mrs. Yellen and economic trends pushed the market…
DetailsState of the Stock Market Analysis for the Week Ending July 9th, 2017 (Topsy-Turvy Holiday Week for Wall Street 7-9-17) It was an interesting week to say the least. The Dow Jones Industrials, the S&P 500 and the Russell 2000 each hit all-time highs on Friday, and the Nasdaq came within striking distance of its record…
DetailsWhen you were a kid, what did you think the future would look like? For me, I can remember the future I would dream about always seemed to involve flying cars, time travel, and hover boards. Well, we may not have any of those things now, but that doesn’t mean the future isn’t…
DetailsThe major indices had a shaky Independence Day week following a volatile period, as the Nasdaq and the tech giants remained the center of attention. Before the week’s most awaited release, the government jobs report, the sentiment leaned on the bearish side. However, the mixed labor market numbers cleared the way for a healthy bounce…
DetailsState of the Stock Market Analysis for the Week Ending July 9th, 2017 (Topsy-Turvy Holiday Week for Wall Street 7-9-17) With the Fourth of July falling on Tuesday this year, it was a light-volume, topsy-turvy week that saw a Thursday sell-off and a nice Friday rally. The major indices bounced back from that Thursday sell-off, and…
DetailsRemember that old commercial for E.F. Hutton? They had a tag line that was unmistakable. In fact, that tag line still lives on to this day, though, it’s used more as a joke than an actual commercial. Do you remember it? If not, I’ll remind you. Ready? “When E.F. Hutton talks, people…
DetailsThe leading central bankers of the world caused a typical green-bar-red-bar madness in stock markets last week, as the European Central Bank, especially, delivered confusing messages at the monetary summit in Portugal. The Euro experienced a huge rally, as investors deciphered the speeches of Mario Draghi and his colleagues as a step towards monetary tightening,…
DetailsState of the Stock Market Analysis for the Week Ending July 2nd, 2017 (Indecisive Week for Stock Market 7-2-17) Stocks closed out an indecisive week, well, indecisive. We saw a big bounce in banks and financials (BKX), but we also continue to see selling in some of the mega-cap tech names. These offsetting forces left the…
DetailsHoly Cow! I can’t believe I missed it!! Every year I look forward to this event, but I was so busy when it happened – I totally forgot about it… Lucky for me, the internet is a wondrous thing. It’s like a time warp when you need it – which is why…
DetailsThe summer lull officially arrived on Wall Street last week. Trading volume was very low and volatility declined even more, as the post-Fed turmoil cooled down. Two political developments caused some woes during the week, namely the President’s tweet concerning North Korea, and the ultimatum given to Qatar by Saudi Arabia and its allies. The…
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