So, the market posted a pretty impressive rally Monday without any visible catalyst other than perhaps Warren Buffett saying the economy, and market, would be okay with a president Clinton or Trump.
The market has had an interesting two-day period thats either adding confusion or a reflection of confusion.
They say records are made to be broken.
Gross domestic product was a major disappointment as consumers turned off the spigots on long term outlays, in part because of rising cost on healthcare, which continues to gobble up large swathes of the economy.
The Dow is up 21 points, and while that might not sound like a big deal, coming into the session investors were bracing for as much as 200 points lower. Apple has come off its lows and Boeing is unchanged.
Once again consumer confidence continues to slide as people seemed more confused than pessimistic, although, one might argue whats the difference?
It was a rollicking week for the market; whipped around by corporate earnings that continued the trend of top line misses and bottom line beats.
We hear the words revolt and revolution a lot these days, but we may be too complacent of a nation to stay angry beyond November. However, Prince had it right- start a revolution within your own life.
According to the Bank of America, coming into this week their clients have been net sellers of stock for 12 consecutive weeks.
Spring is typically a great time for real estate and home builders.
When I lived in North Dakota, I was amazed at how much the state focused on Chinas economy and more importantly, the demand for wheat back in 1981.
Dont look now, but gasoline prices are beginning to ratchet higher, and by the end of the year, our gas-price holiday could become a nightmare.
Shorts began a bit of covering last month, finishing with 8.86 billion shares shorted from 9.0 billion.
Oil companies are assuming that a deal will be done in Doha, Qatars capital and Wall Street is assuming that earnings will beat watered-down estimates.
So, could it be true, could the worlds big oil producers come to their senses and cap production?
The market has suddenly been set adrift, seeking some kind of tailwind to resume the remarkable and perfectly timed rebound that began with the intraday session on February 11.
There are lots of things bugging the market these days, from the extraordinary strength of the Japanese yen, to the stepped-up aggression of President Obamas War on Capitalism.
The Obama Justice Department frames its disdain for this deal as being unfair to competition, but its the notion of competition- thats the main reason for giving it the thumbs up.
Despite coming in better-than-expected, the ISM Non-Manufacturing (service economy) report could move the needle on the first quarter 2016 (1Q16) Gross Domestic Product (GDP).
Non-farm manufacturing for March came in at 54.5, climbing off a two-year low and beating the consensus estimate of 54.0.