The Euro Crisis Rears It’s Ugly Head For 2013: Stocks posted marginal losses today with the Dow Jones Industrial Average falling 42.47 points or 0.30% to 13944.05. Concerns over Europe added to negative sentiment and equities fell sharply with the Dow falling triple digits before making a late day comeback. Short-term relative strength indicators are…
Dow Retreats From 60+ On Housing News To End Down 100 Points On Massive Spain Austerity Protests: Housing news didn’t encourage investors today as the Dow switched direction in midday trading. The S&P Case/Shilling report today showed housing prices in July increased in 10 of the nation’s largest metropolitan areas by 1.5%. Housing prices increased…
Financials and Small Caps Rise Ahead Of September FOMC Meeting 2012 On QE3 Expectations, German Court Ratifies EFSF: The sectors we are watching carefully moved up as traders await news from the Fed on QE3 at the September 2012 meeting. Fed Chairman Ben Bernanke will let market participants know more tomorrow and some traders moved…
U.S. Equities Take A Pause Before September 2012 FOMC Meeting, Germany EFSF Decision: U.S. stocks took a pause today as traders look forward to more easing from the Fed Reserve Bank this week. The FOMC meets later this week and traders are anticipating a new round of quantitative easing but stocks fell in anticipation investors…
Investors Await September 2012 FOMC Meeting and European Reactions To Draghi Bond-Buying Announcement: Investors are anxious to get news from the Fed Reserve Bank on whether they will move forward with another round of easing. After another lackluster month of employment in August 2012, the FOMC has enough ammunition to pull the trigger and…
