By Ryan Vlastelica NEW YORK | Sun Sep 29, 2013 1:11pm EDT (Reuters) – As a last-minute deal to resolve tense spending negotiations in Washington appeared less and less likely, U.S. stock investors braced for an outcome that had previously seemed thinkable: a shutdown of the U.S. government. The House of Representatives early Sunday voted for an…
The Lovely: The circus in D.C. drags on… Good: Market is pulling back on light volume Eurzone business activity grew faster than expected in September Read here In China, the HSBC flash manufacturing PMI of small and medium size businesses hit a six month high of 51.2 in September Read here The S&P Case/Shiller index showed that…
Fri Sep 27, 2013 4:49pm EDT By Barani Krishnan NEW YORK, Sept 27 (Reuters) – Gold and wheat rallied on Friday and a few other commodities rose slightly, adding to what was shaping to be the sector’s best quarterly performance in a year when the third quarter closes next week. The…
STOCK MARKET COMMENTARY: FRIDAY, SEPTEMBER 27, 2013 The market fell last week but is on track to end the month and quarter in the black. The major averages are pulling back into their respective 50 dma lines and so far this is appears to be another shallow pullback in size (% decline) and scope (weeks,…
U.S. Stock Futures Higher Reports Due on Jobless Claims, Home Sales Updated September 26, 2013, 8:22 a.m. ET By TOMI KILGORE NEW YORK—U.S. stock futures nudged higher as the market attempted to stabilize after a recent string of losses. About 90 minutes ahead of the open, Dow Jones Industrial Average futures advanced 18 points,…
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Sept. 25, 2013, 8:47 a.m. EDT Stock futures hold losses after durable-goods data By Barbara Kollmeyer NEW YORK (MarketWatch) — U.S. stock futures traded mildly lower on Wednesday, as investors struggled with a lack of progress in Congress over the budget and with continued uncertainty over when the Federal Reserve will taper its bond-buying program….
Updated September 24, 2013, 2:02 p.m. ET By TOMI KILGORE Stocks overcame early losses to trade slightly higher, putting blue chips on track for their first gain in four sessions, but lingering uncertainties surrounding Federal Reserve policy and budget discussions kept investors in check. The Dow Jones Industrial Average added 27 points, or 0.2%, to…
Why The Fed Didn’t Taper: 9/22/2013 Two reasons: Fits their Agenda, and a Simple Cost/Benefit Analysis. Bernanke’s worst case scenario for continuing QE is hyper inflation, which is currently a nonevent. Meanwhile, the upside of continuing QE: Help the Economy, Create Jobs, and Raise Asset Prices. Since the worst possible scenario is hyperinflation (and we are no where near…
STOCK MARKET COMMENTARY: FRIDAY, SEPTEMBER 20, 2013 Allow us to be clear, the market is strong. The latest pullback was shallow in both size (% decline) and scope (weeks, not months). The primary catalyst behind this 4.5 year bull market remains easy money from global central banks. We just found out that the easy money…