REUTERS/Alfred Cheng JinBen Bernanke.Does former Fed chair Ben Bernanke think the stock market is undervalued? Bernanke has a new blog post out on Monday. The post deals with inequality, primarily as it relates to Fed policy. On this topic, Bernanke isn’t sure that it’s obvious Fed policy exacerbated any inequality trends. But in his post, Bernanke also addresses the stock market.Specifically, Bernanke isn’t […]
By Michael Snyder, on May 31st, 2015Are stocks overvalued? By just about any measure that you could possibly name, stocks are at historically high prices right now. From a technical standpoint, the stock market is more overvalued today than it was just prior to the last financial crisis. The only two moments in U.S. history that even compare to […]
REUTERS/Brendan McDermidByron Wien.Stocks have catapulted through recovery.Among the things that have driven the expansion, a key factor has been the role of the Federal Reserve.In market commentary Wednesday, Blackstone’s Byron Wien pegs a number on this: $3 trillion.Even though we’ve seen company earnings more than double between 2009 and 2014, there has been concern that the market rally has largely […]
MAY 23rdUS STOCKS-Wall St ends lower after Yellen comments fail to inspire – Yellen comments leave rate expectations unchanged on Wall Street – Core inflation highest since January 2013 – Boeing falls after Bombardier jet report – Microsoft down after report of Salesforce deal talksU.S. stocks were generally lower Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who […]
The six-year bull market lives on after the S&P 500 (SPX) finished at record highs—and in a week for mediocre economic and earnings numbers.The broad-market index is now up 1.8 percent in May and 3 percent year to date. With its gain, risk perceptions seem to be easing along with market volatility.But don’t look now. Wall Street’s bullish bias faces […]
U.S. stock indexes spent Friday mostly drifting between tiny gains and losses, but the small moves were enough to nudge the Standard & Poor’s 500 index to its second record high in two days.The Dow Jones industrial average also notched a gain for the second day in a row. The Nasdaq bucked the trend, closing slightly lower.Utilities stocks were among […]
U.S. stocks rebounded Thursday, snapping a three-day losing streak for the Dow Jones industrial average and the Standard & Poor’s 500 index.Encouraging data on the U.S. job market and inflation helped lift the market, pushing the S&P 500 to a record high. The Dow came within 36 points of its own record. The indexes are up for the month and […]
April 30 Market Close: GovCon Index Plunges 2%, Biotech Losses Send Stocks DownRoss Wilkers April 30, 2015 Financial Report, News 49 ViewsThe GovCon Index capped the month of April with a decline of 2.001 percent to hit its lowest closing figure of the month at 73.372.Bloomberg cited losses in small cap and biotechnology stocks as a driver of declines in U.S. stock […]
U.S. indexes were in the red all day today as some quite miserable economic data didn’t do the normal trick of making everyone happy because it means the Federal Reserve will never raise rates in our lives. The S&P 500 fell 0.37% and the NASDAQ 0.63%. The Federal Reserve Open Market Committee released its meeting statement on Wednesday afternoon that […]
After tacking on another 2.5% over the past few weeks, the S&P 500 (SPX) scratched out a fresh record high heading into the final four trading days of April.But another steady drip of earnings reports—kicked off by Apple’s (NASDAQ: AAPL) post-close release on Monday—and the latest glimpse into the mind of the Federal Reserve could potentially test stock rally conviction.Apple’s […]
