By Frank Tang NEW YORK | Wed Aug 14, 2013 8:23pm EDT (Reuters) – Paulson & Co more than halved its stake in SPDR Gold Trust, the world’s biggest gold-backed exchange-traded fund, in the second quarter, when the bullion price lost nearly a quarter of its value. The prominent U.S. hedge fund, led by longtime gold bull…
Wed Aug 14, 2013 8:42am EDT * Wall Street struggles for direction, volume low * Deere shares higher in premarket after results * Europe shows signs of momentum, France out of recession * Futures down: Dow 20 pts, S&P 2.1 pts, Nasdaq 3.75 pts By Ryan Vlastelica NEW YORK, Aug 14 (Reuters) – U.S. stock index futures pointed to slight losses at the open on…
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 09, 2013 The major averages slid last week after fear spread regarding when the Fed will taper. So far, the action remains healthy as prior chart highs are being defended. The S&P 500’s high in May was 1687 so that is the first near term area of support, then its…
August 7, 2013, 11:37 AM As Wall Street looks down the barrel of a third day of losses, the wall of worry is being precariously scaled once again, this time with Jones Trading’s Michael O’Rourke saying investors are involved in a “lunge for exposure” and may be paying too much for stocks right now. “We…
This week, I share some basic thoughts and rules on trading: 1. Don’t apply logic to the stock market. So often I see people make decisions in the market on what makes sense to them. It makes sense to buy stocks when the company insiders are buying. It makes sense to buy stocks that are…
Is It Time to Buy Commodities? With prices sharply down on many commodities—and stocks at record highs—investors may be wondering: Is it time to swap stocks for soybeans? We investigate. August 2, 2013, 7:51 p.m. ET By JOE LIGHT, DAN STRUMPF, ALEXANDRA WEXLER, TATYANA SHUMSKY, LESLIE JOSEPHS Commodities investors are missing out on the party. Since its recent peak…
The Perception of Fundamentals Matter What moves a stock’s price? At the most basic level it is Information. Unfortunately, life is not that simple. Arguably, one of the most important market moving components is not the actual data but the perception of the data that matters. It is the perception of fundamentals that determines stock…
STOCK MARKET COMMENTARY: FRIDAY, August 02, 2013 The major averages surged into fresh new high ground after last week’s Fed meeting. Additionally, it was encouraging to see them break out of small handle patterns on daily chart. This action is healthy and bodes well for the ongoing and very strong Fed induced rally. It is…
NEW YORK | Fri Aug 2, 2013 9:10am EDT (Reuters) – U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program. The number of jobs outside the farming sector increased by 162,000, the…
July 29, 2013, 10:57 a.m. EDT Stocks drop after home data; investors await Fed Saks up after it agrees to be acquired in $2.4 billion buyout By William L. Watts, MarketWatch NEW YORK (MarketWatch) — U.S. stocks lost ground Monday, with a drop in home sales adding to initial pressure as investors awaited bigger data later…