With a firm “no comment” Janet Yellen shied away from burstng the bubble in “extremely stretched” Biotech and Social Media stocks, but was forced to admit that “overall measures of equity valluations are on the high side.” Then, rather oddly, she notes that The Fed sees unusually low spreads in corporate bond markets… which is odd since they have actually […]
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Remember when Federal Reserve Chair Janet Yellen said that social media and biotech stocks seemed pricey during a July 2014 testimony to Congress? “…Valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year,” she said.On Twitter, […]
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 […]
Federal Reserve Chairwoman Janet Yellen last week said small-cap stocks appeared to be “substantially stretched.” Now, Goldman Sachs (GS) is on board with a similar view.In a note to clients, Goldman strategist David Kostin said he expects the small-cap Russell 2000 will underperform the S&P 500 over the next 12 months due to pricey valuations and lower earnings forecasts. He […]
Benchmarks enjoyed their best day this year on Wednesday as the Fed issued encouraging statements regarding economic growth in the U.S. and a rate hike. Fed’s statement that it would remain “patient” before raising the interest rate boosted investor confidence. Moreover, rebound in oil prices helped energy shares post solid gains yesterday. The S&P 500 registered its best one-day gain […]
The Keystone Speculator™: Keystone’s December Seasonality Factors for Trading the Markets
Keystone’s December Seasonality Factors for Trading the MarketsThe turkey leftovers are long gone as the aroma of freshly baked Christmas cookies fills the air. The December winds are blowing now with less than four weeks of trading remaining in 2014. Markets are closed on Thursday, 12/25/14, for the Christmas holiday. […]
Guest Post from Peak ProsperityIn an exclusive interview of John Hussman by Peak Prosperity’s Chris Martenson, Hussman says Stock Market Is Overvalued By 100%.Chris Martenson: John Hussman is highly respected for his prodigious use of data and adherence to what it tells him about the state of the financial markets. His regular weekly market commentary is widely regarded as one […]
As Wall Street hit another new record Thursday, it is worth considering what could cause a serious setback in stock market prices around the world. Since I started writing this column in 2012, I have repeatedly argued that the rebound in stock market prices from their nadir in the 2008-09 global financial crisis was turning into a structural bull market […]
Originally published August 20, 2014 at 6:34 AM | Page modified August 21, 2014 at 6:25 AMSEOUL, South Korea —
Asian stock markets were dampened by a weak China manufacturing survey Thursday, but European stocks opened higher. Japan gained on the prospect of a stronger dollar after Fed minutes showed policymakers are leaning toward their first rate hike since the 2008 […]
