Tag: Markets
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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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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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Another Positive Week
The major averages marked another positive week at the close. With the DOW up 669 points or 1.62%, the NASDAQ advanced 264 points or 1.49%, while the S&P 500 added 77 points or 1.37%. Tuesday’s seasonally adjusted retail sales data revealed a surprising 0.1% gain in August, while July’s figures were revised up by 1.1%.…