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…
Will The Bulls Remain In Control? The stock market soared after the latest employment numbers were released today. Most economists and traders, including ToryCapital.com missed the unemployment number for April. The jobs number was far more than what we were expecting at 63,000 and the number came in over our highest estimate of 88,000 with…
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. …
Associated Press Tweet Causes Flash Crash, Rattles Markets: The Dow Jones Industrial Average fell precipitously after a tweet from the Associated Press claimed the White House had been attacked and that President Obama was hurt. The tweet occurred at 1:07 pm and at 1:16 pm, AP confirmed the account had been hacked at a White…
S&P 500 Rangebound. The S&P 500 bounced off of levels that were considered near term support after a tumultuous headline filled week due to the Boston Marathon bombers and worries about public safety. Equities rebounded after the bomb suspects had been accounted for and follow through today was a positive sign for stock market bulls.…
