STOCK MARKET COMMENTARY: Friday, July 05, 2013 The major averages rallied for a second straight week helping the major averages close back above their respective 50 DMA lines. The strong bull market that we are experiencing continues to be driven by easy money policies from global central banks. That said, the US Fed continues to…
STOCK MARKET COMMENTARY: FRIDAY, JUNE 28, 2013 The major averages enjoyed their largest start to the year since 1998/1999 (depending on the index), rallying above 12%. The strong bull market that we are experiencing continues to be driven by global central banks. That said, the US Fed continues to print $4B/day and other central banks…
STOCK MARKET COMMENTARY: FRIDAY, JUNE 21, 2013 The major averages sliced below support on Thursday after the Fed opened to the door to taper QE sooner than initially expected. The benchmark S&P 500 is down in 4 of the past 5 weeks which suggests the bears are now in control of this market. For most…
By Kate Gibson, MarketWatch NEW YORK (MarketWatch) — U.S. stocks fell slightly on Wednesday after a two-day rally, with investors reluctant to make any big moves ahead of the Federal Reserve’s policy decision later in the day. “My expectation is we will sit in a sideways holding pattern until the Fed announcement,” said Randy Frederick, managing…