Today saw markets finish off relatively flat as traders mulled over the news of the most recent GDP results. While last quarter saw one of the biggest economic expansions in over a year, it failed to meet expectations, creating an environment of mixed emotions on the Street. Today watched both the euro and gold make steady gains, with gold nearing $1,750/oz. reigniting the debate as to whether or not this asset is truly worth what it trades for, or if is under/overvalued. Markets have also welcomed the news that Facebook may file for IPO by Wednesday of next week. With a potential valuation topping $100 billion, it would be the largest initial public offering in history [see also Three Reasons Why Gold Is Overvalued]. [click to continue…]
The bulls took charge on Wall Street last week as investors reacted positively after a number of encouraging economic data releases. Home builders confidence and existing sales continue to point towards signs of a recovery in the battered down U.S. housing market. Better-than-expected jobless claims also helped restore confidence in the domestic economic recovery. Earnings [...]
Bullish momentum propelled stocks higher last week, although the French credit downgrade drama on Friday was enough to rekindle Euro zone woes and spark a broad-based sell-off before the weekend. Standard & Poor’s credit downgrade of France and Austria sparked volatile trading to start the week across European and Asian markets; investors on Wall Street [...]
To say the past few months have been tough on the euro would be quite an understatement. With multiple countries suffering from crippling debt crises, the currency has been sinking to lows not seen for quite some time. Now, the threat remains that if Greece cannot obtain yet another bailout, they may be forced to [...]
Domestic equity indexes snapped their ugly loosing streak for the week after positive economic data paved the way higher for stocks. The Dow Jones Industrial Average led the way higher with a modest 0.38% gain, while the Nasdaq lagged behind, clinching a 0.07% gain on the day. Better-than-expected jobless claims data along with an upbeat [...]
Markets faced a brutal start to the week as the world decided that the recent euro deal was only prolonging the inevitable and not taking a step in the right direction. The Dow sank 162 points while the S&P 500 lost 1.5%, the most of any major index. 10 year bond prices surrendered just over [...]
Last week shaped out to be yet another range-bound trading frenzy, dominated by fear induced selling in the early part of the week, and ending with a modest rally on Friday as investors cheered on the developments at the summit in Brussels. Gold drifted lower towards $1,700 an ounce amidst the uncertain backdrop. The precious [...]
Investors were left empty handed before the Thanksgiving Holiday; the Euro drama theme dominated financial markets last week as ongoing debt woes stemming from overseas overshadowed a host of positive economic data releases on the home front, including a surprise to the upside in durable goods orders. We anticipate for the spotlight to remain fixated [...]
Domestic equity indexes were fairly flat on Tuesday, although the bulls gave way in the final hours of trading as ongoing deficit woes stemming from both sides of the Atlantic ocean paved the way for profit taking. On the home front, the Fed left interest rates unchanged as expected, and the FOMC minutes revealed that [...]
As ETFs have burst on to the scene in recent years, just about every serious investor and professional money manager has taken a crash course in exchange-traded products, becoming familiar with the countless benefits and nuances of these products. Features such as enhanced transparency, upgraded tax efficiency, and low costs are generally well known at [...]
Earnings season is well underway and investors on Wall Street appear to be quite content with the latest round of corporate performance results from industry leaders. Debt-woes stemming from the Euro zone continue to dominate headlines as investors anxiously await for policymakers to agree upon a comprehensive plan in the near future. Domestic equity indexes [...]
