Stocks Slump After FOMC July 2013 Decision Ahead Of Jobs Number

FOMC More Accommodative After Rocky June: Stocks fell today in the afternoon after the FOMC kept interest rates at the same level and stayed accommodative as we expected.  The recent jump in home sales may be short-lived as consumers recalibrate and look forward to low interest rates ‘indefinitely’.  Ben Bernanke and company mentioned nothing about[…]

NASDAQ Hits 12 Year High As May 2013 Great Rotation Rally Continues

Tech takes lead in May 2013 Stock Market Rally: Stocks continue rallying with the NASDAQ hitting a 12 year high today as positive sentiment keeps lifting the major averages.  We were reticent to be more than neutral over the past week and not much happened until today. The U.S. stock market rally still has legs[…]