Ever since the huge selloff in China on Tuesday February 27 which sent stock markets around the world crashing down, investors everywhere have been watching the Chinese stock market. There was a second selloff on Thursday April 19 (subscription required) as…
You know Wall Street couldn’t go more than a few weeks without obsessing about the Fed and if there is going to be a rate cut this year or not. I swear to God…… The immediate cause is today’s April…
It’s looking like another good week for the stock market. Here’s how the action looks through 4 days: Dow: +151, to 13,477 S&P: +7, to 1513 Nasdaq: -23, to 2539 Russell 2000: -14, to 816 Again, we are seeing the…
“On the inflation front, the trend appears to be down, instead of holding steady, for the first time. We can live with the economic weakness [implied by the retail sales numbers] if we’re getting inflation under control.” – Marc Pado,…
“When the market is on a roll like this, it ultimately looks for excuses for profit taking, and retail sales provided that.” – Tony Dwyer, equity strategist FTN Midwest Research (subscription required) About an hour ago Barry Ritholtz at The…
So the big event of the week, the Federal Open Market Committee (FOMC) announcement released today at 2:15pm EST, turns out to be a non-event. As if we didn’t already know it: THE FED IS ON HOLD. “There is no…
4 weeks ago (Tue 4/9, “Back to Reality – Earnings Season Kicks Off”), I was skeptical that markets could power through what looked to be an upcoming disappointing earnings season. I quoted E.S. Browning from the Wall Street Journal that…
The S&P 500 closed today at 1502 – the first time it’s closed above 1500 since Sept 7, 2000. The all-time closing high for the S&P 500 of 1527.46 on March 24, 2000 seems destined to fall. Dow 13,000. Now…
Jones Soda (JSDA), a stock whose story I told a couple weeks ago, reported disappointing earnings after the close today (Thu 5/3). The stock was down $4.20, 16.6%, in the after hours to around $21. That’s down about $10.50, or…
David Gaffen over at the WSJ’s MarketBeat blog has a nice little post on the case for big caps right now. He gave five reasons why Big Caps might outperform Small Caps going forward: (1) Sluggish Growth – small caps are…