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Jeff Harding: This week’s data builds a further case for a declining economy and likelihood of the Fed doing another round of QE. These data hit all of the Fed’s marks for action: joblessness and unemployment, declining industrial production, low price inflation Read more…
Chris Ciovacco: It’s easy and comfortable to join the bullish Treasury club and the mob currently bearish on the euro. Despite the hopes of the masses, it may be very uncomfortable to learn contrarian analysis, bailout progress in Europe and numerous Read more…
Michael Snyder: Well, we just had another bad jobs report. The U.S. economy created just 80,000 new jobs during the month of June. Normally, about 125,000 new jobs need to be created every month just to keep up with population growth. Read more…
Jeff Harding: The recent U.S. manufacturing report is at the top of a mountain of bad economic news coming out. Whether these data will lead to a “new” recession (as defined by the NBER) remains to be seen, but at the very least the U.S. economy is stagnating, Read more…
Andy Crowder: I recently came across an article from a prominent options trader that truly disappointed me. The gentleman brought up the question as to whether or not credit spreads were a viable options strategy. For some, credit spreads are not a viable strategy Read more…
On a day of see saw price action, stocks closed higher on mixed trade. Stocks gapped up at the open, sold off during the first hour of trading, and then rallied the remainder of the day to close near session highs. The small-cap Russell 2000 (NYSEARCA:IWM) was the day’s biggest winner, as it posted Read more…
Daily Capitalist: Events in Europe are following the pattern seen in the U.S. several years ago. In Europe, financial crises in small countries are now giving way to crises in large ones. Read more…
Chris Ciovacco: Conducting our weekend Europe Google searches for the latest news yielded articles with a very familiar and vague tone about the “progress” across the pond. The excerpt below from a Reuters article represents a good example: Read more…
Daily Capitalist: I want to make sa few points briefly. First, if you haven’t, please read Dr. Davis’ discussion of our economic data two posts below this (or click HERE). He documents that economic times remain difficult, in line with the Gallup.com polling data I have frequently Read more…
Stocks moved higher yesterday as trade accelerated. All five major indices added 1% or more. The small-cap Russell 2000 (NYSEARCA:IWM) and S&P MidCap 400 led the advance by posting gains of 1.4% and 1.3% respectively. The Nasdaq (NASDAQ:QQQ) Composite tacked on 1.2%. The S&P 500 (NYSEARCA:SPY) Read more…
Stocks closed modestly lower in the pre-holiday session, while volume not surprisingly eased. The small-cap Russell 2000 (NYSEARCA:IWM) demonstrated the most relative strength, as it managed to close flat on the session. The Nasdaq dropped 0.1% on the day. Both the S&P 500 and the S&P MidCap 400 edged 0.2% lower. Read more…
David Banister: The IWM ETF represents the Russell 2000 small cap growth index. This ETF peaked at 84.66 this spring and has fallen in the the 74′s before the recent two day bounce. What we are looking at is a possible 5 wave rally from October into March Read more…
John Nyaradi: A “fiscal cliff” lies just ahead but prepared investors can turn danger into opportunity. Recently, Federal Reserve President Ben Bernanke and others have sounded the alarm about the looming “fiscal cliff” they see coming Read more…
Michael Johnston: At times, it seems as if the number of ETFs available to U.S. investors will soon exceed the number of stars in the sky. That might be overstating things a bit, Read more…
Following an opening gap up, stocks went tumbling yesterday as trade expanded. For a second day in a row, the market gapped higher at the open. However, selling pressure came into the market at the morning reversal period in contrast to the late session selling we saw on Tuesday. Read more…
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