Obama on The Economy 4.16.10
President Obama makes comments on the progress of economic recovery.
President Obama makes comments on the progress of economic recovery.
Discussing the results, with Brian Moynihan, Bank of America president/CEO and Barry Sternlicht, Starwood Capital chairman/CEO.
Weighing in on the markets and the economy, with Jeffrey Lacker, Federal Reserve Bank of Richmond president and CNBC’s Steve Liesman.
Insight on what this recovery means for investors, with Byron Wien, Blackstone Advisory Services.
The benchmark S&P 500 Index currently has 5 distribution days while the Nasdaq Composite and Dow Jones Industrial Average have 4 since the March 1, 2010 follow-though-day (FTD). These distribution days have not been damaging which is a welcomed sign. Trade accordingly.
U.S. stocks fluctuated between slight gains and losses Thursday as the industrial sector was boosted by improving manufacturing conditions, but an unexpected jump in weekly jobless claims and an expected monetary policy tightening in China weighed. The Dow Jones Industrial Average recently was down 10 points, or 0.1%, to 11114, in recent trading.
Wal-Mart is back in the top spot of the Fortune 500 list. Leigh Gallagher, Fortune senior editor, discusses this and other notable changes.
“In the European marketplace, not withstanding that we’re ten years into this, we’re still in very, very early days,” Ted Hood, CEO of Source, creator of ETF products, said of ETFs. “In the US market, we’re seeing 50% retail participation in ETFs.”
The way the recovery is being engineered is quite wrong, says David Roche, global strategist at Independent Strategy Ltd, as it is sowing the seeds of greater instability. He talks about the sovereign debt bubble, with CNBC’s Amanda Drury & Sri Jegarajah.
The benchmark S&P 500 Index currently has 5 distribution days while the Nasdaq Composite and Dow Jones Industrial Average have 4 since the March 1, 2010 follow-though-day (FTD). These distribution days have not been damaging which is a welcomed sign. Trade accordingly.