[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The market remains strong and the fact that it refuses to fall is bullish. Especially, when you couple it with the fact that almost everyone doesn’t “trust” this market and the major averages are trading less than 3% below their 2015 and/or record highs. I love the term Gary Kaltbaum…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Last week was a bullish week on Wall Street as investors sent stocks higher after the “data” pretty much took a June rate hike off the table. The Fed believes that the economic weakness was ‘transitory’ in Q1 2015 which is their way of saying they believe the economy will…
[su_spoiler title=”Monday-Wednesday’s Action: Stocks Start Off Weak But Close Week Higher” style=”fancy”] U.S. stocks opened higher on Monday as investors continued to digest the latest round of economic and earnings data. Overseas, Japan’s Nikkei and UK’s FTSE stock markets were closed for holidays. Economic data was light – U.S. factory orders rose by 2.1% in…
We have made our way through the “bulk” of earnings season and our two biggest take-aways so far are: 1. Investors don’t “Like” social media stocks & 2. All eyes are on guidance… To address the first point, social media stocks have been annihilated this season after Twitter ($TWTR), Yelp ($YELP) and LinkedIn ($LNKD) all gapped…