Weekly jobless claims sink to a new low
The weekly data from the Labor Department showed that both initial and continuing claims declined to a new pandemic low.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages moved a little higher with yesterday’s 0.30% gain in the SPX.
Read MoreEarly Thursday look
S&P equity futures remain well above Wednesday's close. Asian equities closed mostly higher Thursday and European equity markets are higher. Treasuries are mostly firmer with some more curve steepening;…
Read MoreSPX ends with a modest gain
It was another day of choppy trading, but unlike recent sessions, stocks ended closer to the highs rather than the lows.
Read MoreBrief summary of the September FOMC minutes
The September FOMC minutes note that participants said if a tapering decision is made in November, tapering could commence either that month or December.
Read MoreVideo – The market remains a discounting mechanism
In this short video I discuss how the issues facing investors are real, but so too is the investor reaction to them.
Read MoreInflation runs hot at 5.4%
The headline CPI data was one-tenth of a percent higher than expected on both the month-over-month and year-over-year basis, while the core figures matched consensus.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages moved lower for the third day with yesterday’s 0.24% decline in the SPX.…
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