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June 20, 2024
And then europes hanging in there as well, german Business Sentiment at an 18month high. Our road map begins with the market. More history as the dow closes above 16k. Is the world getting ready for the santa rally . Gap shares falling on news on its Quarterly Results as were one week from black friday. And pandora shares fall on earnings while spotify could be worth 4 billion. People are beginning to Pay Attention to the percentage of investment people have in stocks, getting close to the level...
June 20, 2024
Of decline. It caused the averages to slightly rebound. The dow closing up 46 points, pretty impressive. Call me cynical, but i think we need to be careful about getting too excited about any near term resolution. How many times during the debt ceiling debacle, remember that . Did our leaders insist they could hammer out a deal. Even a huge grand bargain to fix the deficit only to have the negotiations unravel. Until we get a resolution, the fiscal cliff will be the most important issue out ther...
June 20, 2024
It caused the averages to slightly rebound. The dow closing up 46 points, pretty impressive. Call me cynical, but i think we need to be careful about getting too excited about any near term resolution. How many times during the debt ceiling debacle, remember that . Did our leaders insist they could hammer out a deal. Even a huge grand bargain to fix the deficit only to have the negotiations unravel. Until we get a resolution, the fiscal cliff will be the most important issue out there. Tonight a...
June 20, 2024
The dow closing up 46 points, pretty impressive. Call me cynical, but i think we need to be careful about getting too excited about any near term resolution. How many times during the debt ceiling debacle, remember that . Did our leaders insist they could hammer out a deal. Even a huge grand bargain to fix the deficit only to have the negotiations unravel. Until we get a resolution, the fiscal cliff will be the most important issue out there. Tonight as part of my game plan, im going to give the...
June 20, 2024
A market in search of a narrative. Thats kind of what it feels like down here. The dow may have been in full on rally mode today if not for General Electric. Its the worst performing dow stock. Its down almost 3 , and that despite earnings that roughly met expectations. Why the selloff . Art cashin just told me the market on close orders flat right now. The dow and the s p continue to trade near alltime highs. The nasdaq is still a good distance away from his alltime high of a little over 5,000 ...
June 20, 2024
Of decline. It caused the averages to slightly rebound. The dow closing up 46 points, pretty impressive. Call me cynical, but i think we need to be careful about getting too excited about any near term resolution. How many times during the debt ceiling debacle, remember that . Did our leaders insist they could hammer out a deal. Even a huge grand bargain to fix the deficit only to have the negotiations unravel. Until we get a resolution, the fiscal cliff will be the most important issue out ther...
June 20, 2024
People may be cheering about. Lets look at futures. You can see it is a positive response to this after initially the market was selling off just a bit. No taper of the taper perhaps. Lets take a look at the tenyear talking about taper and qe. You can see not much change there either. And over in europe a reaction, not a reaction, how is the day working out . Well, pretty well after what has been generally a positive week for the various markets in europe. All right. Lets get to that jobs number...
June 20, 2024
Puerto rico is in a bind. They cannot declare bankruptcy. Jay leno says good night. The host stepped down after 20 years and more than 40,000 jokes. All of them were ok, i guess. Who did he make the most fun of . Welcome to market makers. He made the most fun of george bush. Remember, there is a Huge Development going on. A Cayman Islands attracting financials giants while the country is tumbling. I am looking to jimmy fallon. So true. So true. Something is wrong with twitter. Twitter is taking....
June 20, 2024
Nicole this is one of those markets with a lot of anticipation. Every focuses on the fiscal cliff. Tomorrow is the allimportant jobs report for a lot of folks have been hearing more Economic News which has been more dismal lately. Talk about more layoffs they have seen in november. Right now the market is not too far off the unchanged line. The acidity holding 1400. The tech of the nasdaq still below 3000. Today apple is now moving into the green and that is one of the reasons why it is holding ...
June 20, 2024
Of november. Sandy did not have that much of an impact on the numbers. Unemployment fell to the lowest level in nearly three years to 7. 7 . More people stopped looking for work, all together. Consumer sentiment, not as strong heading into the holidays. Preliminary index actually fell in december. Economists had to look for a slight increase. Investors continue to get out of apple. The tech giant having its worst week since they of 2010. Apple is in they are barking territory. Shortly after the ...