Since the presidential elections in November 2016 we have observed strong impact on the financial markets. The equity markets have risen strongly (SPY +6.3%), especially the financial stocks have done well (XLF +18%). There have been numerous articles on the large US banks and their current financial position and their potential for the future. One group that is a bit overlooked....More>>>
The Dow, the Nasdaq and the S&P 500 closed out Black Friday at record highs. The Dow Jones Industrial Average inched up higher from Wednesdays close, up 0.36% at 19152.14. The S&P also posted another record finish, up 0.39% at 2,213.35.
More noteworthy: the Nasdaq Composite hit new highs as the index gained 0.34% on the day at 5,398.92. The Trump effect put the hurt on FANG stocksFacebook....More>>>
U.S. equities drifted higher in drama-free trading on Monday, a blissful calm after last week’s volatility. Political headlines slowed as President Trump continues his first foreign trip moving from Saudi Arabia to Israel today.
Several appearances by Federal Reserve officials broke no news ahead of the release of the latest meeting minutes later this week. And traders looked ahead....More>>>
Gold continues to trade in a narrow range, but there are signs that a big breakout is on the cards.
As of writing, the yellow metal is trading at $1282/Oz levels; up 0.28 percent on the day. The yellow metal has had a hard time gaining altitude this month, despite the sharp flattening of the yield curve.
However, Bollinger Bands indicate a bullish squeeze (bullish breakout) could happen....More>>>
For the first time in over a decade, Goldman Sachs Group Inc. is worth less than its longtime rival, Morgan Stanley, at least in the eyes of equity investors.
After reporting a plunge in bond trading, Goldman’s market capitalization fell to $99.4 billion at the close on Wednesday, a fraction less than Morgan Stanley. That snapped a 4,105-day streak, which....More>>>
U.S. equities melted higher on Thursday, pushing large-caps to new record highs, thanks to strength in crude oil (providing much needed relief to the energy sector after Wednesday’s decline) driven by a larger-than-expected inventory drawdown. In fact, it was the largest draw since 2016 even as production hits a 21-month high, suggesting strong-end demand.
Historically low rates and central bank stimulus have been a defining characteristic of the recovery. No other economic factors have driven more of the four-fold surge in the S&P 500 from its 2009 low.
December 18, 2017: Markets opened higher again Monday now that passage of the corporate- and investor-friendly Republican tax bill appears headed for passage. A few merger/acquisitions were announced this morning with Campbell Soup’s deal for Snyder’s-Lance the biggest. Materials and