Merger and acquisition activity in the food industry and better-than-expected initial claims helped benchmarks close in the green on Thursday. Investors chose to focus on the positives rather than on GDP data that showed the economy contracted in the first quarter. Thursday’s gains helped the S&P 500 hit an intraday high and close on a record high for the […]
Hello!I’m Andrew Smithers; I studied economics at Cambridge and used to run the fund management business at S G Warburg which became Mercury Asset Management and is now BlackRock.I set up Smithers & Co in 1989 as an economics consultancy. Much of the comments on economics and markets that I read as a fund manager struck me as nonsense and […]
Originally published May 16, 2014 at 6:33 AM | Page modified May 17, 2014 at 2:43 AM
NEW YORK — Better results from retailers and demand for telecommunications shares helped push the stock market to a small gain on Friday.Telecoms rose the most among the 10 industries in the Standard & Poor’s 500 index. Their jump followed news that […]
The always popular and controversial Martin Armstrong, creator of the widely cited Economic Confidence Model, gave some interesting predictions for the market along with his thoughts on Putin and Russia in a recent Financial Sense Newshour interview. Here are some excerpts:FSN: Martin, you have a wide following with investors and host large conferences around the globe. What are you telling […]
“Sell in May and go away.”This stock market adage has served investors well four years in a row. Every year since 2010, stock markets around the world have suffered significant corrections between a high reached in May and a low in the summer or early autumn: by 15 percent in 2010, 19 percent in 2011, 9 percent in 2012 and […]
Stock Market Wednesday BounceStock-Markets / Stock Markets 2014May 08, 2014 – 12:01 PM GMTBy: PhilStockWorld
Courtesy of Doug Short: The US market faced a mix of news today: 1) The Nikkei plunged 2.93%, marking its first YoY decline since late October 2012, 2) Yellen testified before the Joint Economic Committee, and 3) Putin signals readiness to ease on […]
We all know online marketing is here to stay, to grow and to develop even more in the next years and decades. The good news is that, by now, marketers no longer need to prove in the boardroom why they’re spending so much on online and social media marketing, today is all about how they’re spending the budgets and how it […]
Selling pressure in Internet stocks and a decline in AIG’s quarterly income dragged the benchmarks down on Tuesday. While Twitter led the decline among Internet stocks, AIG adversely affected the financial sector. New deals in the health care sector failed to restrict the day’s losses. Meanwhile, investors kept an eye on the latest developments in Ukraine. The day’s economic reports […]
Yesterday, I participated in a panel discussion on CNBC about the markets and the economy. It was during the course of that discussion that one of the participants uttered the most important phrase:”Everbody knows interest rates are going to rise.”
First, let me explain my reasoning for why it is possible that “everybody” is wrong. As I addressed last […]
