Podcast: Play in new window | Play in new window (Duration: 13:16 — 7.6MB DOW + 37 = 21,173 SPX + 3 = 2433 NAS + 22 = 6297 RUT + 1 = 1396 10 Y + .03 = 2.18% OIL – 2.10 =
June 7, 2017
Let’s face it. Exciting growth is a rare sighting in the stock market these days. It’s not even part of the package you get with tech companies that have been very successful in the past. (If you want to know
While a June rate-hike is baked in the cake no matter how badly the economic data that The Fed is “dependent” upon collapses, it appears traders are losing faith in the rest of the year as the odds of a hike
Investors typically place Technology and Utilities at opposite ends of the equity-investment spectrum. Technology falls squarely in the aggressive camp, while Utilities is often the textbook definition of a conservative equity investment. Given this basic difference, they are expected to
A couple of days ago, I noted that most indicators showed continued growth. Quarterly Census of Employment and Wages figures released today indicate a slightly softer employment situation at end of 2016 than is represented by the establishment series. Source: Wells Fargo, June
Stocks slightly higher on the day in another slow trading day. The market seems to be waiting for a catalyst that perhaps we get tomorrow. In tonight’s market update we look at the upcoming Comey testimony, ECB announcement, and the
The equity market seems to know only one direction and that is up. The result of this type of pattern has been a downward trend in volatility with the VIX trading at a near single digit level. One characteristic of
On the whole, the market remains incredibly and annoyingly stuck. One sector which has mercifully been on the move, and which has been my focus most of the year, is energy. The cool thing about crude oil is that, in spite of
It was no surprise that we saw quiet markets for most of Asia’s core market, given we have so much due tomorrow (Thursday). Shanghai was the exception as it rallied +1.25% as market players took the recent increase of US
Today was the perfect day for bulls looking for buying opportunities. Markets exhibited small bullish ‘hammers’ as part of a 3-day pullback; collectively shaping up as bullish flags. As an added bonus, volume rose to register an accumulation day. The
