Category Archive: Entertainment
Will We Hold It Wednesday – S&P 2,060 Edition
Higher and higher we go! The rest of the World seems a bit tired but the S&P, Dow and Nasdaq are like the energizer bunnies of the Global Indexes as they keep going and going and going… Earnings don’t matter, Fed policy doesn’t matter, news doesn’t matter – IT just doesn’t matter! – and that’s something I […]
ADP Employment Misses, Worst November In 4 Years
Following 2 months of improving growth and beats after a mid-year slump, ADP Employment in November dropped to 208k (from an upward revised 233k in Oct even as September was revised lower from 225K to 213K) missing expectations of 222k by the most since August. November has historically seen a significant bump higher in employment but […]
The Stock Whisper Of The Day: IShares Silver Trust
The stock whisper of the day is: (SLV), (EPI), (IAU). Video Length: 00:03:28
Morning Call For December 3, 2014
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.01%) this morning are down -0.02% ahead of the Nov ADP employment report, while European stocks are up +0.10% as signs of slower growth in the Eurozone bolstered the case for more stimulus after the Eurozone Nov Markit composite PMI was revised lower to its slowest pace of expansion in […]
E Mid Cap Best & Worst Report – December 3, 2014
Since 2010, the best scoring names in our weekly mid cap reports have outpaced the S&P 400 by a median 4.07% in the following year. The best performers from our list from 1 year ago are ILMN up 95%, KNX up 88%, LVLT up 65%, AMED up 61%, and ALXN up 59%. The best mid […]
“Clearly A Negative Signal”: BofA Shows Thanksgiving Spending Was Biggest Dud Since Lehman
First it was Shoppertrak, then it was the Shoppertrak, then it was IBM (IBM), and now, with its own set of internal data, here is Bank of America (BAC) slamming the door shut on U.S. retail spending as a source of Q4 growth, and proving once and for all that the extended Thanksgiving-weekend, and the start to U.S. holiday […]
Who Killed Black Friday?
Black Friday weekend is just not what it used to be. Despite falling gas prices, stock prices posting records, and buoyant consumer confidence, Thanksgiving weekend sales—in stores and on-line—were down about 11 percent from last year. Five forces combined to reduce this year’s spending binge—and most will endure in the years ahead. 1. Black Friday […]
Traders Report December 3rd: Australia
All Ords Index The Australian sharemarket has rallied over the past two days but the short term trend is still bearish. The 20 and 50 day moving averages are trending down with the price trading well below the averages. I see resistance being met at 5350 points which is the horizontal support level of April […]
Dollar Rolls On
The US dollar is extending its advance as the divergence theme moves into overdrive. The dollar has drawn close to JPY119.50. The euro has fallen to new lows near $1.2320, having been turned back from $1.25 on Monday. The Australian dollar has been pushed briefly below $0.8390. The main exception is sterling, which is holding its […]
Today’s Market-Boosting Disappointing Economic News Brought To Your Courtesy Of Euroarea’s Service PMIs
Those wondering why European stocks are higher but off earlier highs, the answer is simple: the latest Service ISM was bad but it wasn’t a complete disaster. And while RanSquawk notes that “the particularly disappointing slew of Eurozone Service PMI’s from France and Spain capped any potential upside seen across the European indices” stocks are […]
