Rally Takes Pause After Six-Day Run 04-23-14

After six straight days of gains that again took the S&P 500 Index nearly to its all-time high, U.S. stocks ended the winning streak today as the earnings season rolls on. So far results have been okay but not great. Roughly three quarters of the S&P 500 companies that have reported beat their earnings expectations. They did not fare as well on revenues, however, on which roughly half the companies beat consensus projections. Today, disappointments from the heavyweights like Amgen and AT&T weighed on the market. Read more about Rally Takes Pause After Six-Day Run 04-23-14

Stocks Bounce Back for the Third Day 04-16-14

U.S. stocks are set to finish their third consecutive day in the green, recovering some of last week’s worst one-week loss in nearly two years. The stocks gaining on the New York Stock Exchange outnumber the decliners today nearly 3 to 1. My stock indicator is still slightly bearish, suggesting that the recent gains may reflect bargain hunting after last week’s selloff rather than portending another strong rally to new highs. Read more about Stocks Bounce Back for the Third Day 04-16-14

Special Market Alert 04-11-14

Yesterday, U.S. stocks experienced one of their worst days of the year. The S&P 500 declined more than 2 percent for the third time this year, and after today’s action, all of the major averages are underwater for the year. Read more about Special Market Alert 04-11-14

What Recent Market Action May Be Saying About Inflation 04-09-14

As it does every three months, after the closing bell yesterday aluminum maker Alcoa officially started the quarterly earnings season. The company got the season off on a good note, reporting better-than-expected results, earning 9 cents per share (adjusted) in the first quarter versus the Street’s 4-cent estimate. Alcoa also issued a relatively upbeat demand outlook.  Read more about What Recent Market Action May Be Saying About Inflation 04-09-14

Central Banks' Dovish Signals 04-02-14

Payroll processor ADP reported that in March, the U.S. private sector added 191,000 jobs, the best reading since December. The data supports the notion that the abnormally cold winter was largely to blame for poor hiring activity in recent months. On the other hand, if the bad weather had substantially delayed hiring to subsequent months, the March bounce was not very large either. By and large, the labor market appears on a slow recovery track.   Read more about Central Banks' Dovish Signals 04-02-14

Crimea Is Gone, What's Next? 03-26-14

The Ukraine situation still brews in the background. Despite vows not to give up Crimea, Ukraine has withdrawn troops from the peninsula, effectively ceding it to Russia without military conflict. Ukraine’s backers, the U.S. and the E.U. have limited their response to only travel bans and asset freezes against certain Russian and Ukrainian figures deemed instrumental in the annexation. Read more about Crimea Is Gone, What's Next? 03-26-14

The Fed Seeks to Steer Expectations 03-19-14

The Federal Open Market Committee (FOMC) concluded its latest meeting today—the first with new chief Janet Yellen at the helm. As expected, the Fed decreased its monthly bond purchases by $10 billion, effective April 1. While this marks the third consecutive FOMC meeting where the Fed officials have reduced QE by $10 billion, the $55 billion-per-month debt purchase is still quite expansionary.  Read more about The Fed Seeks to Steer Expectations 03-19-14

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