Traders Indecisive As NASDAQ Halts Trading, Jobless Claims & Housing Starts Down: Fed tapering will have an impact on world markets and the U.S. housing industry. Economic data for the week ended August 23 mainly, initial jobless claims and new home sales data was below expectations. Jobless claims for August 15, 2013 came in at[…]
Will the housing market lead the next leg of the rally? The housing market has been a media darling for the last few weeks after Ben Bernanke began his taper talking crusade in May 2013. Interest rates jumped and new buyers got nervous about their ability to get into the housing market while owners were[…]
Did Bernanke Really Put The Brakes On The Housing Market? Sometimes good news is bad news, especially when it suggests Ben Bernanke and the FOMC could start tapering sooner than later. Today’s housing data showed the market is in good health with new contracts nearing May 2008 levels. U.S. new home sales in June 2013[…]
Is now a good time to get in? A few negative economic data points helped keep the stock market from posting new index highs yesterday. The most important data released was new housing starts and initial jobless claims that were more negative than anticipated. New housing starts dropped 16.5 between April and March 2013, which is[…]
Will Follow Through Occur? U.S. equities rebounded after losing ground yesterday. One day after the Boston Marathon Bombing, stocks rebounded led by the financials after Goldman Sachs reported good numbers along with positive housing data. Housing starts increased by 0.7 percent to 1.04 million annually the Commerce Department said today. The increase was the most[…]
Mixed Economic Data Helps Lift Markets, No Reason For Fed To Pull Punchbowl: The S&P 500 broke out of a tight range today to close higher and neared the all-time high of 1,565 today as sentiment among traders shifted. The S&P 500 has been rangebound for the past few sessions and made it harder for[…]
The S&P 500 fails to make new March 2013 all-time high but this may not dissuade investors. Stocks were unable to rally today but came off the lows towards the end of the session as traders took advantage of a distribution day after consolidation of the major averages. The S&P 500 seems poised to hit[…]
Equities Make Comeback After 2013 Worst Day Ever On Consumer And Housing Data Will it last? Stocks made a strong comeback today after the Dow Jones Industrial Average fell over 200 points yesterday to close with the worst point loss in 2013 so far. After 3 weeks of severely tight trading, stocks broke out of[…]
January 2013 Stock Market Rally Shows Signs Of Weakness- Time For Sector Picking: It’s way too early to assume the recent rally in U.S. equities is over but there were some early signs today the market could be overextended. This doesn’t mean the S&P 500 January 2013 rally can’t gain a few more points but[…]
January 2013 Rally Continues As Early Earnings Reports News Positive, Draghi Comments: Stocks climbed higher today after news abroad from Mario Draghi, President of the European Central Bank made it clear the EU will not be raising interest rates anytime soon. The news coincided with some brief optimism from U.S. earnings reports that started earlier this[…]
