If the market feels lackluster, thats because it has been. In fact, we enter today's session with the third-longest streak of gains and losses less than 0.20%. With the summer doldrums already here, what does that mean for the stock market?
In the last 24-hours, critics of central banks have two different pieces of fodder to vent their complaints.
Breaking news: American investors and fence-sitters struck with Schleprock Syndrome as major stock market indices continue to trend near all-time highs.
Four members of the Fed spoke within the last two days, including the three members who spoke yesterday. The biggest voice was that of Fed Chair Janet Yellen, who wasted no time spooking the market with her assessment that stated equity valuations are "quite high.
Once again, we start out the session in an indecisive manner. While there was no visible reason for stocks to be higher out of the gate yesterday, but they were there's no real reason stocks should begin today's session lower, but they will.
The Dow rebounded on Friday, keeping the index in the plus column for the year, but over the past week, it was unable to break the down-trend line of lower highs and lows.
There was no question the economy is soft, but the advance release of the first quarter of the U.S. Gross Domestic Product (GDP) hit like a punch to the gut.
Don't look now, but the New York Mets are in first place and while Chris Rock's friends never heard of a Met, so far this baseball season reminds us that things can, and do, change.
The NASDAQ may have just had the second most monumental breakthrough of a double top formation in stock market history.
Thursdays session had the makings of the start of a classic pullback, but instead, it turned into the classic buy signal. Major equity indices were down early in the session on disappointing earnings news, only to reverse course and surge through huge resistance points and reach new all-time highs, at least for the Russell 2000, S&P 500, and NASDAQ.
Recently, the adjusted for inflation wage growth recently broke out to its highest level since 1980. While this is a stat many view with suspicion, such as purchasing power parity (PPP), it could hint at more purchases from consumers.
I know this week is about earnings, but we have gotten a few reads on housing, and they couldn't come at a better time.
America has sent the USS Theodore Roosevelt into the Gulf of Aden, possibly to block supplies heading to Houthi rebels currently engaged in an effort to spread its control over Yemen.
Why does the market have to correct? It has to correct because the rally is long in the tooth. Market bears have griped about the lack of a correction (which is a decline of 20% or more) for a long time.
It was a dull day for the broad market, but there were individual winners. A resurgence of the initial public offering (IPO) market was relatively quiet, save for the high- profile debut of Box Inc. (BOX) and Shake Shack (SHAK). And until this week, with SHAK soaring, both IPOs were seen as a cautionary tale that buttresses the notion that 2014 was the top.
The housing data will roll in again and it could reveal much more about the economy than the jobs report. There are interesting dynamics, such as the young adults who settle with paying rent, while putting off ownership. And for those looking to own, theres a growing appetite for new homes.
On tax day, I know many Americans who live in the richest nation in the world who are poor, ailing, and in many cases, ignorant to why they're being shut out from all the luxury of the world.
The big news, from the company that once boasted the largest market cap in the world, is that General Electric (GE) has thrown in the towel on its financial business which once made it the envy of the world. GE Capital is selling most of its operations and real estate for $26 billion, taking a $16 billion charge. Management is trying to comfort shareholders with a promise of $90 billion through a $50 billion stock buyback program and $40 billion in dividend payouts through 2018.
Market bias has shifted higher, but the market still needs a catalyst. As we enter earnings season, the hope is guidance will confirm this is a soft patch and not the economy throwing in the towel after years of frustration and false starts.
As volatility continues to be the order of the day, youre going to hear more and more about how this is like 2000 and 2007.thats not quite the case. Sure, its unnerving and frustrating, but the fact of the matter is that we've been spoiled.