Percent Declines For The Major Averages From Their 2015 Record High To Monday's Low
These are the percent changes from the 2015 record highs to Monday’s low. Remember we are very oversold and way overdue to bounce…
These are the percent changes from the 2015 record highs to Monday’s low. Remember we are very oversold and way overdue to bounce…
Obama’s take on banks
Like This Post? SIGN UP FOR OUR FREE NEWSLETTER & GET POWERFUL IDEAS DIRECTLY TO YOUR INBOX Each Week On Thursday we wrote that the S&P 500 (SPX) was about to breakout of a H&S bottom pattern. The correct term should be a H&S continuation pattern. Semantics aside, this is a bullish pattern and the bulls…
The Lovely: Stocks are getting weaker, not stronger. The Good: 1. Leading stocks are acting well 2. The Dallas Fed manufacturing survey rose to 5.0 which beat the Street’s forecast for 4.5 3. Case for the Fed to taper in September has weakened 4. The Richmond Fed Manufacturing index, which measures manufacturing activity in region, jumped to 14, easily beating estimates…
Like This? Join Our Free Newsletter Here The Federal Reserve is in a tough spot and faced with a big conundrum: the economy is not responding well (GDP most likely contracted last quarter) to their historic easy money policies. Since 2008, the Fed has held rates at zero and has pumped more money into the system…
WANT MORE? GET POWERFUL IDEAS & MARKET INSIGHTS DELIVERED DIRECTLY TO YOUR INBOX 10 Quotes from Albert Einstein “Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction.” “Imagination is more important…
Peter Munk, chairman and founder of Barrick Gold, shares his outlook on the commodity.