Summarizing The "Black Monday" Carnage So Far

It’s officially Black Monday, if only in China for now.We warned on Friday, after last week’s China rout, that the market is getting ahead of itself with its expectation of a RRR-cut by China as large as 100 bps. “The risk is that there isn’t one.” We were spot on, because not only was there no RRR cut, but Chinese […]

Stock Market Uptrend/downtrend Inflection Point – The Market Oracle

Stock Market Uptrend/downtrend Inflection PointStock-Markets / Stock Markets 2015Jun 27, 2015 – 01:53 PM GMTBy: Tony_CaldaroThe market started the week at SPX 2110. A gap up opening took the SPX to 2130 on Monday, the high for the week. Then the market pulled back every day, including Friday, to end the week at SPX 2102. For the week the SPX/DOW […]

The Federal Reserve poses a huge threat to the biotech merger ‘feeding frenzy’ (IBB)

S&P 500 Futures; Don’t Look Now but the Summer has already started by Danny Riley : Thursday 07:59:24 CTCategories: Charts, Commentary, Our View, S&P 500, The Opening PrintIn the past, a futures trader did not care what day of the week, or month it was. All he or she had to do was show up to the trading floor, jump […]

Stock Market News for May 26, 2015 – Zacks Investment Research

Benchmarks ended the last trading day of the week in the red following Janet Yellen’s comments that it would be appropriate to raise interest rates sometime this year. Yellen said the economy is well positioned to grow even if weak economic data had indicated the economy was not on a solid footing. Meanwhile, an increase in consumer price index raised […]

UK trader charged for manipulation contributing to 2010 flash crash

The complaint alleges that Sarao “used an automated trading program to manipulate the market for E-Mini S&P 500 futures contracts (E-Minis) on the Chicago Mercantile Exchange (CME),” according to the DOJ.By manipulating these futures tied to the Standard & Poor’s 500 Index, Sarao allegedly “earned him significant profits and contributed to a major drop in the U.S. stock market on […]

How BATS Will "Improve" The Market For Thinly Traded Stocks: Stop …

As Nanex’s Eric Hunsader pointed out, while the well-paid HFT-lobbyists proclaim their rigging clients “knit together liquidity from all markets,” it appears BATS’ new CEO (since the lying old one left) disagrees. The exchange that caters significantly to the front-running HFTs believes it knows how to improve the market for thinly traded stocks… it will stop handling them.As Bloomberg reports,

BATS […]

Stock Market News for March 02, 2015 – March 2, 2015 –

Benchmarks ended Friday’s trading session in the red as investors weighed positive housing and consumer confidence data against slowdown in the U.S. economic growth. However, benchmarks were able to post their biggest monthly percentage gains in more than two years in February. Strong earnings results by retailers and tech companies, firming up of oil prices, and easing concerns in the […]

ICE commits to NYSE for at least 2 years –

Jeff Sprecher, chief executive of the US exchanges operator, acknowledged the fragmented, regulated world of equities trading was not “ever going to be wildly profitable”, but added the value of the NYSE lay in its listings franchise and data business.”I don’t know why we would get rid of that. I think our shareholders want to participate in the earnings growth […]

What Moves the Stock Market? – Washington Wire – WSJ – WSJ Blogs

Robert Litan

Dow Jones Industrial Average over 2014.
The Wall Street Journal
With the stock market’s unexpected boom toward the end of 2014, what better way to ring in the new year than to reexamine that age-old question: What drives stock returns? Is it earnings’ growth fundamentals or short-term momentum swings in investor behavior?
The answer matters because most forecasters expect the economy to […]

Stocks Fluctuate After Rally as Biotech Advances

© Carlo Allegri/Reuters A trader works on the floor of the New York Stock Exchange on the last day of trading before Christmas in the Manhattan borough of New York, December 24, 2014.U.S. stocks fluctuated, with the Standard & Poor’s 500 Index (SPX) poised for a third straight yearly gain as equity gauges climbed past multiple milestones last week.Gilead […]