Long story short… yes, there appears to be a relationship between economic growth and stock market performance within the U.S. (and developed world), but that relationship holds only over longer periods of time and does not hold for all countries (less developed countries often “divert” growth to the political elite). Also, for those interested in the relationship between long-term economic […]
Benchmarks added significant gains yesterday banking on a rebound in oil prices and better-than-expected private sector jobs report. Fed minutes’ assurance that the central bank will be “patient” before hiking interest rates added to the bullish sentiment. Possibility of additional stimulus measures in the Eurozone and subdued fears about Greece exiting the European Union also boosted markets.For a look at […]
Benchmarks mostly settled in the green on Tuesday banking on better-than-expected revision to third quarter GDP numbers. The Dow closed above the 18K mark for the first time ever and notched up a record closing level for the 36th time this year. Almost 119 trading sessions have gone by since the index had crossed the 17K mark. The S&P 500 […]
Benchmarks settled in the green on Friday boosted by upbeat jobs data. The S&P 500 reached its 49th record high this year and the Dow registered the same for the 34th time this year. The S&P 500 and the Dow also registered their seventh successive week of gains. However, the Nasdaq ended in the red for the week.For a look […]
Back in 2011, I wrote about Why Even Fundamental Analysts Should Watch A-D Line, noting that the NYSE A-D Line is very strongly correlated to corporate profits.But because the A-D Line can be calculated each day in real time, whereas corporate profits are reported with a significant lag, in effect the A-D Line gives a leading indication for what the […]
Benchmarks settled in the red zone as concerns about the timing of a rate hike by the central bank rates kept investors jittery. Friday’s largely positive economic data could only lift the stocks momentarily as concerns from Thursday over a spike in US labor costs and a credit default by Argentina continued to weigh on investors. The S&P 500 posted […]
Benchmarks scored record highs yet again on Thursday, banking on encouraging June’s nonfarm payroll numbers. Investors were also encouraged by a drop in the unemployment rate. Unemployment dropped to its lowest level in almost six years. The blue-chip index and the S&P 500 closed at a record level for the third straight day. The Dow closed above the 17,000 mark […]
Benchmarks erased day’s initial losses and ended in the green after investors shrugged off dismal labor market data to focus on an encouraging services sector report. The S&P 500 ended at another high; the sixteenth one this year. Separately, the Nasdaq was boosted by gains in tech-bellwether Apple and bio-tech stocks.For a look at the issues currently facing the markets, […]
Benchmarks finished Thursday’s choppy run mostly lower as investors took a cautious approach ahead of Friday’s nonfarm payroll report. While the day’s mixed economic reports had some negative impact on the S&P 500 and the Dow, the Nasdaq ended in positive territory due to gains in Internet stocks.For a look at the issues currently facing the markets, make sure to […]
Posted on: 5:55 am, March 18, 2014, by Staff Writer, updated on: 04:32am, March 18, 2014High-tech combines and satellite connections pose a new problem for farming: Who gets all the data? In the past, it was assumed all the information farmers collected was theirs, but with internet sending data straight to massive hubs, large corporations have valuable farming habits and […]
