As per the recent reports on US stocks, it has crashed more than 2% for the second session, as Dow Jones Industrial Average dropped much more than 500 points. The sudden downfall in the US stocks has raised fears of economic slowdown globally. Most markets from US to China have entered within the correction territory especially after the stocks were […]
Markets remained almost unchanged as Janet Yellen concluded her two-day Congressional testimony before the House Financial Services Committee on Wednesday. In her testimony, Yellen failed to provide enough clues to investors regarding rate hike. Meanwhile, decline in Apple’s shares and dismal earnings results from Hewlett-Packard dragged down technology shares. However, encouraging earnings results from retailers including TJX and Dollar Tree […]
Benchmarks hit record highs on Tuesday after Janet Yellen made her semiannual testimony before the Senate Banking Committee. Markets interpreted her dovish comments as reassurance that rate hike may only come in the latter half of the year. Moreover, gains in Home Depot, First Solar and Toll Brothers also boosted markets. The Dow reached a record high for second time […]
VIDEO UPDATE: Watch tonight’s Market Report on Ticker.tvWednesday’s action was not very encouraging. Markets gapped up at the open and stayed in a small range until 2 PM, and then a heavy bout of selling kicked in. Again in bull markets we don’t want to see up opens and down closes. It looked like the market had wanted to turn […]
Cuba Policy; China (Trade-Biotech); and, the Agricultural EconomyCategories: Agricultural Economy /China /TradeCuba PolicyGeoff Dyer and Marc Frank reported yesterday at The Financial Times Online that, “The US is to open talks with Cuba about establishing full diplomatic relations and reopening an embassy in Havana, potentially bringing to an end more than five decades of hostility and one of the last vestiges […]
Policy Issues; Tax Extenders; Budget; Trade- Ag Economy; and, RegulationsCategories: Agricultural Economy /Budget /Immigration /Regulations /TradePolicy IssuesDamian Paletta and Mark Peters reported on the front page of today’s Wall Street Journal that, “A large number of Republican governors are pushing to reshape social-welfare programs with drug testing or other requirements, arguing that the new rules better prepare recipients for employment and […]
Policy Issues; Ag Economy; Trade; Tax Extenders; Regs; Biotech; and, ImmigrationCategories: Agricultural Economy /Farm Bill /Immigration /Regulations /TradePolicy IssuesBill Tomson reported yesterday at Politico that, “‘It’s never too early to start on the next farm bill,’ said Rep. Mike Conaway, the next chairman of the House Agriculture Committee.“The Texas Republican, whose position in the top agriculture post was confirmed Tuesday by […]
SummaryRight now investors love what the Federal Reserve is doing even though more and more commentators want the Fed to start moving to higher interest rates.
The stock market remains near historic highs even though many indicators, like CAPE, point to the market being over-valued.
Even if the stock market is over-valued, the crucial question concerns the timing of a downward adjustment.
Benchmarks closed Thursday’s choppy session mostly higher as optimism from Wednesday’s policy statement continued. The modest gains helped S&P 500 hit another record high, but Nasdaq snapped its four-day winning streak. Stocks had dropped to the red zone for a considerable period during the afternoon before managing a rebound almost at the end of the session. Economic data on initial […]
11:30a ET Friday, May 16, 2014Dear Friend of GATA and Gold:GoldMoney research director Alasdair Macleod today contrasts technical analysis of financial markets with value analysis and sides with the latter. Of course neither are very good in a market that is as comprehensively manipulated by central bank intervention as the gold market is –http://www.gata.org/taxonomy/term/21– but as happened with the collapse […]