Stocks Are Very Strong The best word to describe this market is: STRONG. Stocks continue to race higher as investors continue to focus on easy money from global central banks. Strong economic data (ex: Friday’s jobs report came in at 255k, beating estimates for 180k) or weak economic data, stocks rally. Strong earnings, weak earnings,…
Friday, August 5, 2016 U.S. equities traded sharply higher on Friday as Wall Street digested a better-than-expected jobs report. “The big takeaway, for me, is the market is doing exactly what it needs to move higher,” said Adam Sarhan, CEO of Sarhan Capital. “We’re now getting confirmation about what the Fed has been telling; that…
Markets | Thu Aug 4, 2016 9:02am EDT Wall Street was set to open little changed on Thursday after the Bank of England cut its main lending rate to a record low and revived its bond-buying program. The BoE lowered the rate to 0.25 percent from 0.5 percent and said it would take “whatever action…
Wed 8.3.16 4pm EST U.S. stocks closed slightly higher on Wednesday, amid a sharp rebound in oil prices, while the Dow snapped a seven-day slide. “Investors are in a wait-and-see mode ahead of the jobs report,” said Adam Sarhan, CEO at Sarhan Capital, noting that a strong report could provoke a sell-off, as it raises…
CNBC: Tuesday, 8.2.16 1:34pm EST U.S. equities traded lower Tuesday, following global stock markets lower, particularly in Japan and Europe. The Dow Jones industrial average held more than 150 points lower in afternoon trade, putting it on track for its first seven-day losing streak since August of last year. Apple and Goldman Sachs contributed the…
Strong Month on Wall Street July 2016 will be remembered in the history books as a pivotal and very strong month on Wall Street. The big news was that the Dow Jones Industrial Average and the benchmark S&P 500 both broke out of a very long 18-month sideways trading range and vaulted to fresh record…
7.29.16 –11:16 AM ET To a great extent, 2016 has been the year of commodity stocks, with resources like gold, coal and iron ore leading the boom. But the small group of grain-related stocks has also been joining the party, which has become something of a pile-on, according to the buy side. “Agriculture commodities (and their corresponding…
8 Things to Look For in a Quarterly Report It is easier than ever for investors to gauge their stock’s performance. July 18, 2016, at 10:13 a.m If you own stocks, you’ve likely gotten a quarterly report from the company in the mail. The thick booklet contains a balance sheet, income statement, cash flows and…
Friday, July 15, 2016 5:55pm EST Dow futures fell in Friday’s late session after an apparent attempted coup in Turkey, as the news began to flow. In regular trading, the blue-chips index extended its winning streak to six days. The Turkish lira plummeted against the dollar and the euroafter an apparent attempted coup against the…
Big Breakout On Wall Street The market finally broke out of its very long trading range and the key now is to see if this rally can continue. In the short term, the market is very extended and is way overdue to pullback to digest the recent rally. The benchmark S&P 500 and Dow Jones…