Benchmarks ended higher on Wednesday boosted primarily by the encouraging minutes from the FOMC meeting. Fed officials discussed monetary tightening while remaining flexible on such a measure. They also discussed approaches to hiking rates, but clarified this was not an indication that rates would be hiked immediately. Meanwhile, gains from consumer discretionary and energy stocks also helped benchmarks finish in […]
First Quarter Doldrums Amp Up Stock Market Fear FactorStock-Markets / Stock Markets 2014May 18, 2014 – 08:41 PM GMTBy: Money_Morning
Shah Gilani writes: Based on preliminary first-quarter data, U.S. gross domestic product (GDP) growth is 0.1%.That’s not much.But then again, what do you expect for $3.4 trillion of Federal Reserve spending to boost the economy.First of all, the […]
Read More’Sell in May’-is it on or off?: Kenny Polcari Michael Hartnett, chief market strategist at BofAML, believes an improving macro environment coupled with high cash levels and diminishing geopolitical threats will lead to an “irrational exuberance” run that will catch fire during the summer. The best trades, Hartnett said in a note, will […]
The Federal Reserve’s upbeat view on the economy’s prospects and their decision to further trim the monthly bond repurchase plan helped benchmarks end higher on Wednesday. The day’s initial decline owing to weak first-quarter economic growth was completely offset by the time markets closed. The Dow closed at a record high and the S&P 500 closed just 7 points […]
Benchmarks ended higher on Wednesday primarily boosted by encouraging industrial production data and better-than-expected Chinese economic data. Yahoo’s higher revenues also contributed to the bullish mood. Fed Chairwoman Janet Yellen’s speech in New York was another positive factor yesterday.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones […]
Benchmarks ended lower on Thursday as investors feared sooner-than-expected rate hikes. Incidentally, the concerns emerged after the day’s mixed economic reports on fourth quarter GDP and weekly unemployment benefits. Declines in financial and technology stocks also dragged the markets lower. Eventually, the S&P 500 fell below the key technical level of 1,850 and the Nasdaq dropped to its lowest […]
Receding fears of further military action related to Russia’s annexation of Crimea helped benchmarks end in the green for the second straight day. The S&P 500 moved close to its record high following reports that Russia may not occupy other parts of Ukraine. The Nasdaq got a boost from the surge in technology stocks. Meanwhile, investors look forward to the […]
Stock Market QE – And the Band Plays OnStock-Markets / Stock Markets 2014Mar 04, 2014 – 03:16 PM GMTBy: Don_Miller
Quantitative Easing (QE) is no longer a surprise, but the fact that it’s continued for so long is. Like many Miller’s Money readers, I believe the government cannot continue to pay its bills by having the Federal Reserve […]
What’s Happening in the Stock Market Today Reminds Me of 1999…Stock-Markets / Stock Markets 2014Feb 26, 2014 – 10:19 AM GMTBy: DailyGainsLetter
What year is this—1999?Some of you might have been active investors in the bull market during the late 90s, as I was, witnessing the S&P 500 soar during that decade. In fact, the bull market was […]
“If something cannot go on forever, it will stop.”“Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop.”– Herbert Stein, former chair of the Council of Economic AdvisersS&P 500 earnings grew approximately 9% for the two-year period from the beginning of 2012 through the end of 2013. Over […]
