March 28, 2024

Strong sell off starts week

Index & Sector performance 2/3/14 The Market:   In the News:     The following noteworthy companies are scheduled to report earnings before tomorrow’s open: EMR, ETN, ADM, CME, SE, HCA, SIRI, IP, BDX, MHFI, DLPH, BSX, KORS, FIS, CLX, AMG, SEP   Analyst Comments:         The Game Plan:

Waiting on Washington

Index & Sector performance 9/30/13 The Market: The lack of a deal from Washington on the impending government shutdown seemed to eight on trader’s mind.  While the S&P was able to rally after a gap down in early trading, the rally was short lived and around 1:30 pm EST the market again lost ground although was able to remain above the early morning lows In economic data we had Chicago PMI which came in slight better than expected with a 55.7 reading when 54.5 was expected.  Tomorrow we have Final Manufacturing PMI, ISM, Construction spending and Total Vehicle Sales. In…

Ben to the rescue!

Index & Sector performance 9/18/13 The Market: The clock struck 2pm EST and it is time for Big Ben and the Fed to put all the recent speculation, at least for now, to rest.  Neither changes to the current $85B bond purchased program nor the fed funds target rate.  That news sparked a near 30 point rally which ultimately closed up 23 points from the announcement. Besides the Federal Reserve rate decision, in economic data we had building permits and housing starts which both came in lower than the previous month and also below expectations but with all due respect…