Consumer Confidence plays into the Fed
The S&P 500 (SPX) is down 0.45% as the market is reacting to a sharper than anticipated drop in the Conference Board's Consumer Confidence Index. As noted in our…
Read MoreThe S&P 500 (SPX) is down 0.45% as the market is reacting to a sharper than anticipated drop in the Conference Board's Consumer Confidence Index. As noted in our…
Read MoreLower mortgage rates don’t appear to be helping new home sales as the U.S. Census Bureau reported another big decline in sales of new single-family homes.
Read MoreIt was a relative quiet start to the week, with the S&P 500 Index (SPX) trading within a tight 10-point range.
Read MoreThe major market indexes all tacked on gains for the third consecutive week. The 2.2% gain for the S&P 500 (SPX) last week, pushed the index to a new…
Read MoreFollowing a week where the S&P 500 (SPX) broke through our 2019 target of 2950, it is only right that we start our look forward. The upcoming week will…
Read MoreAfter weaker manufacturing data out of New York and Philly earlier in the week, today the Markit Purchasing Managers Indices (PMIs) disappointed as well, with all three components below…
Read MoreWith 6 months left in the year, we have rolled forward our focus into our 2020 target of 3350. We would expect a little more volatility around coming economic…
Read MoreSimilar to the much weaker NY manufacturing report on Monday, a report today showed a decline in manufacturing in the Philadelphia region as well. The Philadelphia Federal Reserve reported…
Read MoreAfter the Fed language yesterday which convinced markets that an imminent rate cut for July will happen, the S&P 500 (SPX) pushed ahead 0.03%. The futures markets currently have…
Read MoreThe Fed leaves rates unchanged. Tony Dwyer, Canaccord Genuity, says it's all about inflation. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso…
Read More