Inconceivable? Consumer Comfort among the highest income earners in America has totally and utterly collapsed. Despite record-er highs in the US equity market and promises from every talking head that Q1 was a blip, those earning $100k or over have seen their ‘comfort’ crash to the lowest since September…Summing up the next FOMC meeting…Average:5Your rating: None Average: 5 (1 vote)
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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 […]
Will one month’s manufacturing data really prompt the Bank of England to raise rates? Photograph: ANDY RAIN/EPA
Financial markets can be utterly perverse. To any normal person, news that industrial production recovered in March would be seen as good news, tentative evidence that the economy is emerging from a soft patch in early 2015.But not if you are someone dealing in […]
REUTERS – Wall Street opened lower on Thursday as Apple weighed on the major indexes and Celgene led a fall in biotech stocks, more than offsetting encouraging economic data.All the 10 major S&P sectors were down, with the technology index retreating 1.1 percent. The Nasdaq biotech index dropped 1.7 percent.Apple fell 2.3 percent to $125.70 and was the biggest drag […]
Momentum Stocks: Caution Ahead (Part 4 of 6)(Continued from Part 3)Another case in point is biotech.Biotech is another obvious example of the momentum trade. It is a high “beta” or risky industry that has been a strong relative performer for many years. Through the close of the week ended March 20, the Nasdaq Biotech Index had surged 20% year-to-date. The following […]
Trusting Wall Street stock market predictions is really hazardous to your portfolio’s health.In particular, the annual Wall Street stock market predictions made by top strategists are so inaccurate, using a blindfold and a dartboard could do better.These richly paid folks work for such financial behemoths as JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs Group (NYSE: GS), CitiGroup Inc. (NYSE: […]
At the recent Israel Investment Seminar in New York, Yossi Beinart, head of the Tel Aviv Stock Exchange, spoke of plans to attract investors, including a move to allow Israeli companies to adopt Generally Accepted Accounting Procedures, or GAAP.In addition, the exchange, in conjunction with BlueStar Indexes, announced the TASE-BlueStar Israel Global Technology Index, which will track 57 major technology […]
Investing.com – Investing.com — While stocks on U.S. equities markets rallied on Thursday to pare earlier losses, it wasn’t enough to halt a losing streak that extended to its fourth day.One day after the Dow Jones Industrial Average fell into negative territory for the year, stocks on the Dow fell slightly again on Thursday. The Dow appeared headed for another […]
On a weak day for the markets Wednesday, one of the year’s worst performers proved to be a bright spot.Lumber Liquidators was up more than 10 percent and traded 57,000 options contracts. That might not seem like a lot compared to the Apples and Facebooks of the world, but it is substantially more than its much larger home improvement store […]
Quick note from Blain: US Investing Champions Mark Minervini and David Ryan (read my review of the workshop) are doing a webinar tomorrow (Wednesday) at 4:30 PM EST. Pretty rare, in fact this is the first one they’ve ever done together. Here’s the link to sign up if you’re interested. I’ll be tuning in myself.Inflation data caused a bit of […]
