Category: Real Estate
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A Huge Week
A huge week for the Republicans and a huge week for the markets. The Republicans shocked many after the election gave them not only the presidency. But also control of the House and Senate.
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3rd Quarter Earnings Review
37% of the S&P 500 companies have reported 3rd quarter earnings, 75% have beaten earnings estimates to date. The 5.7% average beat rate, however, is lackluster by historical standards. In contrast, this represents the 5th consecutive quarter of rising earnings. At the sector level meanwhile, IT, Communications and Health Care are reporting the strongest 3rd…
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Solid Numbers
The major averages finish another strong week, posting solid numbers. The S&P 500 hits a new record, wrapping up its longest weekly winning streak this year.
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Another Strong Week
The major averages finished another strong week as earnings season gets underway. The S&P 500 gained 64 points or 1.1%, the NASDAQ increased 205 points or 1.1% while the DOW added 511 points or 1.2% despite a volatile beginning. Elon Musk’s Cybercab and Robovan event failed to materially impress investors. Leading to sharp declines in…
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That Soft Landing
The major averages ended the week essentially unchanged, despite several significant events. (Fill in the blank) won Tuesday’s Vice-Presidential debate. Friday’s employment report exceeded expectations, effectively eliminating the possibility of another ½% rate cut next month. Therefore, we might just achieve that soft landing. Despite all the recession talk and pessimism this year, the S&P…
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Up and to the right!
The major averages closed another positive week. The Dow Jones rose by 230 points or 0.55%, the NASDAQ gained 172 points or 0.96%, and the S&P 500 increased by 35 points or 0.61%. Up and to the right! This week was highlighted by generally positive economic data and continued declines in inflation and interest rates,…
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The Market Bull
September 6th, 2024 September got off to a rocky start with the S&P 500 losing 240 points or 4.25%, the NASDAQ shed 1,023 points or 5.78% while the DOW dropped 1,218 points or 2.93%. Historically September is a rough month for investors, while history doesn’t always repeat, it often rhymes. That said the last few…