The stock market went on a rampage this past week as equities surged northward due to several important events including the mid-term elections, the Fed’s policy announcement, and an improving employment report for the month of October. All the major equity indexes moved higher, partly due to the Republicans winning back control of the U.S. House, which is seen as …
So much for a Spooky October
The stock market had its best October since 2003 due largely in fact to strong earnings reports, a growing economy and an improving report on jobless claims. October had loads of thrills for the bulls with big upside moves, and not many downside chills for the bears could be found. The S&P 500 closed out the past week virtually flat, …
Treat or Treat as Stocks are Up for October
Stocks are up with Halloween fast approaching. Investors should certainly be content that the month of October has been nothing short of a financial ‘treat’ thus far. The broad equity indexes were higher for the seventh week out of the past eight, with earnings reports helping drive prices higher. Bulls continue to feel that the economy is beginning to improve …
Pop Goes the Nasdaq
There certainly was a huge dichotomy when it came to the equity markets this past week, as on the one hand we had outstanding results for some of the big technology names, while on the other hand, we had the stagnation of the big banks thanks to new worries surrounding the mortgage foreclosure proceedings. Strong earnings from Google gave a …
The Good Times Keep Rolling
Even with the disappointing jobs report this past Friday, the good times just keeps on coming for equity investors, as all the major indexes finished in the black for the first full trading week of October. It was a week where we saw declines in both government jobs and private sector jobs, yet a week where we also witnessed the …
A Sizzling September
The temperatures in Alabama weren’t the only thing that was hot during the notoriously scary month of September, as equities posted their best September in nearly 71 years. Much of the strength came during the second half of the month on better-than-expected economic news which beat back worries about a double dip recession. With an unexpected drop in initial jobless …
Bulls Continue To Stampede
While it certainly wasn’t as convincing as Alabama’s victory over the Duke football team this past weekend, the stock market ‘bulls’ continued to stampede ahead this past week as all the major indexes finished higher. This bullish train continues to chug down the track in a month that most pundits said would most likely be very tough for stocks to …
September Rally Continues
Who said September is the scariest month for the markets? Out of the seven trading days of the month so far, six have been positive. Stocks have moved out of their August doldrums and have moved steadily higher in September thanks to a series of encouraging signals on the strength of the U.S. economy. The latest came this past Friday …
A Labor Day Bounce Back
What a difference a month makes! Stocks snapped back from a dismal August, and over the course of the first three days of September all the major equity indexes picked up solid ground just when the markets were looking at a ‘fourth and long’ situation. (This in honor of the beginning of the collegiate football season.) First, consider the damage …
A Rotten Week Ends With A Huge Upward Reversal
The key word for this past week’s stock market action could be summed up in just one word: reversal. The whole week came down to just one 90 minute stretch this past Friday – from 7:30 a.m. to 9:00 a.m. Alabama time– during which we got better-than-expected revisions to second quarter GDP, and a much over hyped speech from Fed …