[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks Fall As Earnings Season Begins In a normal non QE world, Friday’s sell-off would signal a near term pullback will unfold. However, because of all the financial engineering from global central banks, all pullbacks over the past few years have been shallow in size and scope. Until that…
[su_spoiler title=”Monday & Tuesday’s Action: Earnings Fail To Impress” style=”fancy”] Stocks ended mixed on Monday as earnings season began and Apple Inc ($AAPL) began taking preorders for their highly anticipated iWatch. The initial data from the company showed demand remained very strong as sales topped 1 million units. In other news, shares of Netflix ($NFLX)…
[su_heading style=”modern-2-dark” size=”20″] Market Update[/su_heading] The major averages continue trading near their respective highs as investors continue to digest the latest round of earnings and economic data. The Small-Cap Russell 2000 index continues to outperform its peers, followed by the Nasdaq 100 and broader Nasdaq Composite. The S&P 500 and DJIA are perched below resistance of…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks End Mixed On Tepid Economic Data Stocks ended mixed during the shortened holiday week as investors digested the latest round of weaker-than-expected economic data. The self-described data-dependent Fed will likely err on the side of keeping rates low for the foreseeable future because the “data” remains very weak. The Fed has…