U.S. stocks closed mixed on Friday, with utilities lagging, as investors digested remarks made by Federal Reserve Chair Janet Yellen and Vice Chairman Stanley Fischer. “I don’t think she said anything we didn’t already know, but people were trying to make something bullish out of it,” said JJ Kinahan, chief strategist at TD Ameritrade. “Then…
Thu Aug 25, 2016 11:42am EDT Wall Street reversed course to eke out small gains on late on Thursday morning as financial stocks gained after two more Federal Reserve officials said the case for an interest rate hike was strengthening. Their comments followed the hawkish tone set by key Fed policymakers in recent days and…
Tuesday, August 23, 2016 4pm EST U.S. stocks traded higher on Tuesday, with materials gaining about 1 percent, as investors looked ahead to Federal Reserve Chair Janet Yellen‘s speech at the end of the week. “I think we’re transitioning from an interest-rate-driven market … to an earnings-driven market,” said Jeffrey Saut, chief investment strategist at…
Monday, August 22, 2016 U.S. stocks opened lower on Monday as investors looked ahead to a key speech from the top Federal Reserve official and digested falling oil prices. The Dow Jones industrial average opened about 70 points lower, with Goldman Sachs and Chevron contributing the most losses. The S&P 500 began Monday trading about…
Have a Portfolio Over $250,000? Visit: 50Park.com Schedule A Complimentary Portfolio Review Bulls Still In Control The market ended mixed to as it pauses to digest the very strong post-brexit rally. So far, the action is normal and very healthy as the market appears to be pulling back from very extended conditions. The key now…
Want To Talk To Adam About Your Portfolio? Visit: 50Park.com To Schedule A Complimentary Appointment Today Wednesday, August 17, 2016 4pm EST U.S. stocks closed mostly higher on Wednesday as investors digested the release of the Federal Reserve’s July meeting. The Dow Jones industrial average held about 4 points higher, with 3M contributing the most…
Tuesday, August 16, 2016 3:25pm Stocks slipped Tuesday, led lower by telecommunications, as investors awaited the release of the minutes from the Federal Reserve’s July meeting. “I think we had a little bit of profit taking. We had that trifecta concurrent record high yesterday. Part of it might be driven by the fact that we…
Bulls Keep On Running This very strong bull market continues as the major indices all hit fresh record highs last week for the first time since 1999! In the short term, the market is extended up here and due to pullback after a very strong 8-week ~10% rally. It is also bullish to see that…
Stocks fell on Wednesday as the recent rally in equities eased and investors digested falling oil prices, as well as quarterly results from retail firms. “It looks like a normal, healthy pullback,” said Adam Sarhan, CEO at Sarhan Capital. “Even under the surface, … we see orderly selling.” “At this point in time, investors are…
Monday, August 8, 2016 3:44pm EST Stocks slipped on Monday, despite a rise in oil prices, as investors awaited key retail sales data due later this week. “What I’m looking for is to see if this [rotation between sectors] continues,” said Adam Sarhan, CEO of Sarhan Capital. “Every day there seems to be” a new…