[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] After all was said and done, stocks closed higher last week as optimism grew that a deal would get done in Greece. As mentioned in prior weeks, the “big” story here is not just Greece – it is the precedent that will be set and the broader ramifications for the…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks fell hard on Monday after it became clear that Greece would default on its debt and literally shut down their entire banking system for the week. Greece missed its latest payment to the IMF and became the first developed nation to default on their debt in modern history. In…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] In the short-term the market remains range-bound while the intermediate and long term action remain strong. All the major averages are only 1-3% below their record highs which is a strong sign of strength. To be clear the tape remains very split with so many areas breaking down and acting…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks rallied last week after the Fed held rates near zero and created the “perfect hedge” by remaining “data-dependent.” Yellen told us that she is ready to raise rates if the “data” improves but is also ready not to raise rates (and implied that QE4 is not off the table)…