A favorable labor market reading adds to the optimism at the conclusion to the midterm elections. Hard to tell how long the mood can be sustained, but historically the post-midterm period has been a good one for stocks.
With not much on the domestic economic calendar, headlines about lowered European growth outlook and a slew of earnings reports provide the backdrop for today’s trading action.
The strong GDP report and a flood of Q3 earnings results provide the backdrop for today’s trading action. Stocks aren’t expected to do much in today’s session either, but the market’s overall reaction to Wednesday’s Fed announcement has largely been constructive.
A slew of largely positive earnings reports and Fed anticipation provide the backdrop for today’s market action. Stocks are holding steady on a positive note despite the Durable Goods report that came in weaker than expected.
Earnings remain front and center in today’s session, with positive results from a number of industry leaders helping boost investor confidence. Hard to tell whether the mood will last through the entire session or not, but markets made a very strong open.
Favorable looking headlines from China and Europe and a mixed batch of earnings reports provide the backdrop for today’s trading action. The GDP report out of China shows that country’s growth falling to its level in years, but it nevertheless came in better than expected.
Friday’s strong finish to last week’s extremely volatile session may not be the end of the market’s weak run. We must add, however, that this morning’s weak indicated open isn’t directly related to the issues that weighed on stocks last week.
Stocks turned around Thursday afternoon to close the session modestly in the green and start today’s session on a very positive note. The favorable shift notwithstanding, market sentiment remains fragile and...
On the earnings docket this morning, we got blowout numbers from Goldman Sachs (GS) and very strong results from UnitedHealth (UNH), while Baker Hughes (BHI) and Mattel (MAT) came up short.
A favorable start to the bank sector results should help stocks overcome global growth fears, at least for today. Banks’ domestic orientation limits the significance of their results to the ongoing growth worries, but their positive results are nevertheless welcome.
Thursday’s indiscriminate sell-off was followed by markets in Asia and Europe, with the dour mood coming full circle into today’s session as well. Hard to tell whether this pullback has the potential to morph into the long-feared correction...
Oct 8 – Cris Sheridan welcomes Sheraz Mian, Director of Research at Zacks Investment Research. Sheraz explains how the first and second quarter were anomalies given the massive influence by weather in the first and then a bounce back in the second. Thus, the third quarter will be a very important signal for...
Growth worries about Europe and Ebola headlines provide the unsettling backdrop for today’s stock market action. Stock have faltered lately, with a combination of global growth worries and Fed policy uncertainty weighing on sentiment.
The strong jobs report confirms that the U.S. economy’s fundamentals are strong enough to sustain its positive momentum despite the sub-par outlook for its trading partners in Europe, Japan and China. This report also shows that the soft reading for the preceding month was an outlier.
Today’s data from China and Japan provides further evidence that the emerging signs of a growth spurt at home will remain unsupported by weakness abroad. This may not be a big deal for U.S. economic growth, but it could become a challenge for the corporate earnings picture.
The recent run of economic data has been highlighting the growth divergence in the U.S., Europe and China. Readings out of the U.S. have consistently been showing steadily improving growth momentum.
The start of trading for shares of Alibaba and the retail availability of the new iPhones are today’s big developments. And the Scotland news is finally behind us, with Scots deciding to retain their 300-year old union with England.
The markets felt comfortable with the dovish reassurance that came out of the Fed meeting, with the ‘considerable time’ phrase in the statement telling investors that the FOMC was in no hurry to start raising rates in the spring — the feared timeline for a quicker rate hiking process.
The Fed remains the market’s sole preoccupation today as investors look for clues to the future course of monetary policy in the central bank’s official statement this afternoon. The ‘considerable time’ debate has been dominating market participants’ discussion of the Fed.
The market seems to be cheering the surprisingly weak jobs report in the hope that it will lead to a more favorable Fed policy. But in order to reach that conclusion, you first need to believe this jobs read. And I find it extremely hard to believe it.
