[su_spoiler title=”Monday-Wednesday’s Action: Economic & Earnings Data Remains Mixed” style=”fancy”] Stocks rallied on Monday and overcame earlier weakness after the Dow Jones Industrial Average crossed the unchanged line over 30 times before noon EST. Investors continue to look at incoming “data” for clues on what the Fed’s next move will be. Personal income rose by…
[su_spoiler title=”Monday-Wednesday’s Action: Economic & Earnings Data Is Not Impressive” style=”fancy”] Stocks were closed on Monday in observance of the Memorial Day Holiday. Stocks opened lower on Tuesday as investors digested the latest round of tepid economic data, and the USD resumed its very strong uptrend. Remember the Fed remains “data-dependent” and so far the…
[su_spoiler title=”Monday-Wednesday’s Action: Economy Data Is Not Impressive” style=”fancy”] Stocks rallied on Monday helping the Dow Jones Industrial Average and the benchmark S&P 500 hit new record highs. Stocks rallied after the National Association of Home Builders’ survey missed estimates and showed builder confidence fell two points in May. Separately, European stock markets and the…
[su_spoiler title=”Monday-Wednesday’s Action: Economy Data Is Not Impressive” style=”fancy”] Stocks rallied on Monday helping the Dow Jones Industrial Average and the benchmark S&P 500 hit new record highs. Stocks rallied after the National Association of Home Builders’ survey missed estimates and showed builder confidence fell two points in May. Separately, European stock markets and the…