I will be in Atlanta tomorrow morning speaking at the local NIRI (National Investor Relations Institute) chapter meeting – hosted at the ICE Headquarters outside of downtown Atlanta. So, my next note will be on Monday. Have a great weekend. The S&P closed at 2707.33 – So today’s circuit breakers are: Level 1. [...]
The S&P closed at 2716.26 – So today’s circuit breakers are: Level 1. 190.13 pts (7%) or 2526.13 Level 2. 353.11 pts (13% total) or 2363.15 Level 3. 543.25 pts (20% total) or 2173.01 ___________________________________________________________ WMT gets crushed…falling 10% after reporting earnings that ‘weren’t so good’ – think gross margin pressure – Ok so they [...]
The S&P closed at 2732.22 – So today’s circuit breakers are: Level 1. 191.25 pts (7%) or 2540.97 Level 2. 355.18 pts (13% total) or 2377.04 Level 3. 546.44 pts (20% total) or 2185.75 ______________________________________________________ What? Me worry? Don’t be ridiculous!!!! Stocks put in their best week for the year last week…as prices surged following [...]
The S&P closed at 2731.20 – So today’s circuit breakers are: Level 1. 191.84 pts (7%) or 2539.36 Level 2. 355.06 pts (13% total) or 2376.14 Level 3. 546.24 pts (20% total) or 2184.96 _______________________________________________________ It’s all smiles…..as stocks (around the world) extend the rebound back to January highs in a broad rally……it’s been 5 [...]
The S&P closed at 2662.94 – So today’s circuit breakers are: (Although – we apparently shouldn’t be concerned) Level 1. 188.90 pts (7%) or 2509.73 Level 2. 350.82 pts (13% total) or 2347.81 Level 3. 539.72 pts (20% total) or 2158.91 Rewind for one minute – yesterday - February 14th - the mkts were keenly [...]
WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent a possible overheating of the economy. The report from the Labor Department on Wednesday, however, likely overstates the inflation picture given that [...]
Bloomberg Fed Chairman Jerome Powell will discuss his inflation outlook when he testifies to Congress for the first time on Feb. 28. The hotter-than-expected consumer price data for January adds to a growing expectation among economists that the Federal Reserve will raise interest rates with four quarter-point moves this year, rather than the three they [...]