COMMENTARY

Jobless claims and GDP did very little to shake the market one way or another this morning. Overnight futures did receive a boost when the Nikkei reversed its losses of more than 1% to close higher by more than 1%. Europe was mixed, but nothing notable to excite, nor...

For the first time this year the S&P 500 closed down five straight sessions. Is there any meaning to this? Not likely, but it is a fun point to bring to your attention. Early economic data was not kind with a weak Durable Goods number. New Home Sales were above...

A positive read on home prices from the Case-Shiller report helped futures initially. However, fears over a new housing bubble have resurfaced causing CNBC to focus their coverage. A poor Richmond Fed and a lighter read on Consumer Confidence helped sellers pushing...

Investors began the week worried about another debt ceiling fight centered on Obamacare. It appears the media will be totally focused on this issue rather than what the market is actually doing. The few bits of economic data were mixed with the US flash PMI from...

A day after the non-Taper rate decision released by the FOMC US stocks take a break. One exception is the NASDAQ finishing higher by 5.7 points. Every other index pulled in nicely as volume fell across the board. This is the type of day when you don’t see a...

The day started off with disappointing housing data coming in well below expectations. After the release of the housing the data the market simply drifted lower ahead of the FOMC rate decision. Clearly the biggest news of the week came at 2pm EDT when the headline...

Will the Fed taper and by how much is the question on many people’s mind. The market roared back after yesterday’s reversal in heavy volume. It was not a surprise today’s volume figures were light as many are hesitant to do anything in front of Wednesday’s conclusion...

Sunday evening newswires were hit with news Larry Summers had withdrawn from consideration for the Fed Chair position. Futures jumped at the opening Sunday evening hoping a more dovish Fed Chair would be nominated. For the NASDAQ it wouldn’t last long as AAPL lead the...