Did Siegel Low-Ball It? The stock market is on a tear with several sectors rising. Asian stocks were up big today with Malaysian stocks after election results lifted sentiment with volume was up 2000 percent from the 30 day moving average. Globally, there may be a shifting tide towards growth and risk. The S&P 500…
The Jobs Number Tomorrow Could Set Tone For “Sell In May?….” Initial jobless claims fell to a seasonally adjusted 324,000 for the week ending April 27, according to a Labor Department. Claims for jobless benefits fell 5.3 percent after dropping 2.8 percent in the prior week and most economists were expecting an increase to 345,000. …
Sequestration and the Payroll Tax Increase Delayed Effects Set In: Stocks fell yesterday after a dismal jobs report was announced for March 2013. U.S. equities dropped in the pre-session trading after the jobs number showed only 88,000 additional people were employed for the month. Once again the labor participation rate stunned observers as people wondered…
Who will benefit from the Cyprus Deposit Levy? Stocks came off the low in today’s session as news as about Cyprian tax increases raised fears that a contagion could spread across the globe as banks recalibrate and look for ways to keep investor deposits. In a deal struck in Brussels over the weekend, Cyprus bank…
Tech Leads Stocks Down For The Week On ‘Fiscal Cliff Clashing’: U.S. stocks lost momentum to end the trading day with all the major indexes ending the week in negative territory. The Nasdaq Composite Index was the biggest loser of the three major averages today falling by 20 points or 0.70% to 2971.33. Fears about…
