We have gotten past the Jewish High Holidays (though Sukkot runs over the weekend) and some of my business travels to/from and in the west (though I return next week). When I last left off the markets were disappointed by the Federal Reserve’s decision to delay their interest rate increase. Still, at the time, the […]
As I expected, it was, on the surface a quiet trading session. Scant early losses turned into gains across all major indexes, with both the Dow Jones Industrials (DJIA) and Standard & Poor’s 500 (SPX) making new all-time highs. Below the surface, there were some interesting trends worth noting. The Russell 2000 (RUT) Index was […]
My Thursday evening was a bit topsy turvy and I could not get my commentary out for Friday. However, Thursday was a positive but quiet session with no real news to report. Friday was spent looking at the masses waiting to order an Apple (AAPL) iWatch with techs leading the market higher. I suspect that […]
The FOMC, to no surprise, told us what we already knew: QE3 was ended and low interest rates would be maintained for a “considerable time”. What also occurred was the usual FOMC shuffle: the first Pavlovian response by the bears was to sell the announcement (without any regard to what the announcement said) in an […]
Strong consumer confidence and new home sales helped to move markets higher in the first half of yesterday’s market session. However, the same old worries over Iraq triggered profit taking in the afternoon. It felt a lot worse than it actually was. In the morning I sold a small laggard position to raise some cash. […]
After a long and I would add pleasant Memorial Day weekend, we wake up to some pleasant news. To begin with, the S&P 500 (SPX) closed last week above 1,900 for the first time ever. A pro-European candidate, billionaire Petro Poroshenko won the Ukraine election. While in Europe, anti-Europe parties also won elections. In France, […]
The markets opened lower, attempted to rally but that did not last long. The S&P 500 (SPX) has now experienced its worst 3-day decline since January and the Nasdaq its worst 3-day drop since 2011. Once again, tech and growth stocks took it on the chin. I know it sounds like a broken record but […]
While last week was difficult for investors, it did end off on a positive note. The market closed higher, yet off the peak of the session. True to form, the markets did rise on the penultimate trading day of the month. After the markets closed, an apparent phone call took place between Presidents Putin and […]
