The Numbers Are Coming In

The Numbers Are Coming In

Publicly-traded companies report their earnings and sales numbers for the previous quarter in the current quarter. For example, fourth quarter’s sales and earnings are reported during the first quarter of the year, and first quarter’s sales and earnings will be...
Market Consolidation Precedes Losses (Or Gains)

Market Consolidation Precedes Losses (Or Gains)

Market consolidation happens. The market is flat. That’s right. It’s a rare occurrence – something that has happened just 12 times since 1926, according to Fortune – but the Standard & Poor’s 500 Index (S&P 500) has remained in a narrow trading range for...
Bad News Moves Markets

Bad News Moves Markets

There was a spate of bad news last week, and it drove U.S. markets lower. China’s wild ride isn’t over yet. The Purchasing Managers’ Index, a private measure of Chinese manufacturing, came in below expectations at 48.2, according to BloombergBusiness. Results below 50...
Short Term Optimism & Long Term Questions

Short Term Optimism & Long Term Questions

Markets are experiencing serious Short Term Optimism & Long Term Questions. Financial markets gave the Federal Reserve a standing ovation last week. At least, that was Barron’s interpretation. What did the Fed do to deserve it? “…the Fed did what everyone...

Weekly Perspective, January 6, 2014

Weekly Perspective on Markets (Published to Clients on 1/6/14) Like a half-full bottle of champagne that was left uncorked overnight, stock markets were anything but effervescent during the first few days of 2014. On Tuesday, December 31, the Standard &...