The major U.S. indices have risen by 8%-10% in the three weeks since the bottom of the “Brexit-panic,” and the healthy bounce has now carried the majority of stocks to new all-time highs. Investors continued to focus on overseas topics, as the European and Japanese developments took center stage. Rumors surfaced in Japan about the…
State of the Stock Market Analysis for the Week Ending July 17th, 2016 (Week Ends On A Mixed, Yet Positive Note 7-17-16) We did set record highs for the Dow and the S&P 500 on Friday, but the stock market ran out of upside steam and finished the day flat and mixed, with the Dow higher…
Oh, Brexit… you silly little political movement – have you seen what you’ve done to the markets?! Even worse… Have you seen what you’ve done to your own currency? The British Pound has taken a shellacking since the outcome of the Brexit vote – and it doesn’t seem the beating will stop any time soon……
Traders had to wait until Friday’s session again for any sustained move on Wall Street, as all eyes were focused on the non-farm payrolls number that traditionally comes out on “Jobs Friday.” This time around it was well worth the wait, as the blowout 287,000 reading triggered one of the strongest one-day rallies of 2016.…
State of the Stock Market Analysis for the Week Ending July 9th, 2016 (High Employment has Bulls Singing 7-10-16) Bulls were hoping for some good economic news and a catalyst to head higher, and we got it in the form of a blow-out employment number of 287,000 for June that handily topped expectations of 173,000 as…
2016. Regardless of which country the rest of the world population inhabits, many are focusing on what’s happening in the Good Ol’ USA and the race to see which character ends up ruling the White House… Or what’s come to be known as the most famous (or infamous) popularity contest on the planet. That’s right…
Wall Street provided a week of promising price action for investors, despite a Monday that won’t go down in history as the most bullish day ever. The rest of the week, on the other hand, proved once again just how strong the U.S. stock market is right now. The major indices managed to climb back…
State of the Stock Market Analysis for the Week Ending July 3rd, 2016 (Markets Bounce Back and Look Past Brexit 7-3-16) What a week it was, as we saw the major indices bounce back from last Friday’s 600-point decline in the Dow and finish the week essentially back where we were before the Brexit vote.…
Thanks, Britain… No, truly… THANK YOU! You’re probably wondering why I’m not panicking. Why I’m not running around like the rest of the “Chicken Littles” of the world – worried about the sky falling – well, I’ll tell you… Because by voting to exit the European Union – Britain has just given the world one…
Unprecedented volatility hit financial markets on Friday, as the electorate of the United Kingdom opted to exit the European Union on Thursday. The surprising decision sparked a historic decline in the British pound and, in turn, European stocks. Traders across the globe were shocked by the extent of the moves, and it brought back memories…
