Weekly Market Wrap

The past week saw the S&P 500 notch a fresh high for the year before registering its second consecutive weekly gain. The index added 0.5% for the week while the Nasdaq underperformed, shedding 0.7%. We didn’t receive any market-moving data during the past week, which kept the Atlanta Fed’s GDPNow forecast for the first quarter […]

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FREE TRIAL AT THE CLUB

“Fortune favors the brave”—Publius Terence I’ve been blogging I guess for about eight  years now? Friggin’ amazing how time flies.  When I hung up my spikes on Wall Street I decided to start a blog and write about the market. Irreverent mostly, factual to a fault.  It was free, I wanted to bark setups and […]

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Dow and S&P at 2016 Highs as Oil Rallies

Dow Jones +3.6% YTD S&P 500 +2.8% YTD Russell 2000 +0.4% YTD Nasdaq -1.2% YTD The S&P ended its day higher by 0.3% after the index tested, but could not make a sustained move above the 2100 level. Today’s market featured weaker than expected housing data, an uptick in oil, mixed quarterly earnings reports, and, […]

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Goldman & Housing Fail

Likes long walks on the beach and watching revenues decline for the fourth quarter in a row. Goldman screwed the pooch again, but the stock is barley down. $GS may not be shareholder friendly, as their employee compensation stays at about 40% of revenue, but hey, you gotta pay the bankers right? The banks continue […]

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What a Crazy Day

  $30 oil ‘within days’ — what analysts see for the market after Doha talks fail The above snippet of genius was on the cover of MarketWatch at about 5:39 am this morning.  Crude oil managed to close about flat. Maybe the “analysts” will still be right, but in my opinion the oil bears had […]

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