Stocks Pullback The major averages fell in September and squeezed out a nominal gain for Q3. September was only the third monthly decline for the S&P 500 (SPX) in 2014. The bigger concern from where we sit is something virtually no-one is talking about- What will happen when QE 3 Ends? Remember the S&P 500 (SPX) soared when…
On Friday stocks sold off as investors unloaded their positions ahead of the the weekend. The catalyst which precipitated this sell off was Dubai World’s trouble restructuring their debt. Dubai World, the most indebted of Dubai’s state-sponsored companies, is seen as a barometer for the health of the financial nexus.
Stocks End Mixed On Tepid Economic Data Stocks ended mixed during the shortened holiday week as investors digested the latest round of weaker-than-expected economic data. The self-described data-dependent Fed will likely err on the side of keeping rates low for the foreseeable future because the “data” remains very weak. The Fed has held rates near zero since…
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