Percent Declines For The Major Averages From Their 2015 Record High To Monday's Low
These are the percent changes from the 2015 record highs to Monday’s low. Remember we are very oversold and way overdue to bounce…
These are the percent changes from the 2015 record highs to Monday’s low. Remember we are very oversold and way overdue to bounce…
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The Lovely: Stocks are getting weaker, not stronger. The Good: 1. Leading stocks are acting well 2. The Dallas Fed manufacturing survey rose to 5.0 which beat the Street’s forecast for 4.5 3. Case for the Fed to taper in September has weakened 4. The Richmond Fed Manufacturing index, which measures manufacturing activity in region, jumped to 14, easily beating estimates…
QE Cut By Another $10B: On Wednesday 4/30, the Fed ended its two-day meeting and tapered QE by another $10B. The vote was unanimous.to reduce QE from $55bn to $45bn per month. The Fed said the economy slowed in Q1 because of the weather. The focus remains firmly on the outlook for labor and inflation, both of which remain…
Critics say the practice is inflating some companies’ valuations By TELIS DEMOS, SHIRA OVIDE and SUSAN PULLIAM Updated June 9, 2015 10:41 p.m. ET Hortonworks Inc. Chief Executive Rob Bearden forecast in March 2014 that the software firm would have a “strong $100 million run rate” by year-end. But the number looked a lot smaller…
Government shutdown definition from Wikipedia In U.S. politics, a government shutdown is a situation in which the government stops providing all but “essential” services.[1] Typically, services that continue despite a shutdown include police,fire fighting, the National Weather Service and its parent agencies, medical services at federal facilities, the postal service, armed forces, air traffic management, and…
Want More? JOIN OUR FREE NEWSLETTER Here are my thoughts from yesterday’s Fed meeting: Overall- I’m still bullish and think the reaction was a little exaggerated. The big takeaway is that “good” economic data might not be “good” for the Wall Street because that would imply a rate hike might occur sooner than initially expected. Of…