Chinese stocks climb on bad GDP news–but by so little as to signal belief that stimulus is still a way off
Markets in Hong Kong and Shanghai were up overnight as traders decided that the bad news on China’s economic growth in the first quarter brings the People’s Bank of China closer to intervening to stimulate the economy. But the relatively small upward move in the indexes says that much of the market remains worried that growth will slow further before the bank decides to move.
A constructive day–more testing to come, though
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Plenty of fear so why is gold down today? Look to China
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...NASDAQ moves closer to 10% correction; S&P down but continues to hold up well
The question for the larger market is whether the large cap S&P 500 will continue to hold up relatively well alongside the NASDAQ’s tumble. The S&P 500 index is down just 3.2% from its April 2 high. That’s a long way from correction territory. The NASDAQ Composite, on the other hand, is down 8.65%
Will growth look better with Coke after tomorrow morning’s earnings?
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My progress report on re-constructing this site
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Can stocks hold their modest gains through end of trading today?
So far a combination of better than forecast retail sales for March and buying on the dip after the retreat that marked the second half of last week has pushed U.S. stocks up modestly today. As of 2:15 p.m. New York time the S&P 500 was up 0.63% The NASDAQ Composite, which has led the market down recently, was up 0.48%. Retail sales climbed 1.1% in March
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Thompson Creek pulls back from the edge but remains a high risk mining bet
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...It looks like traders are becoming resigned to a further drop in NASDAQ stocks
It’s a better day today than yesterday for momentum stocks, technology shares, and the NASDAQ Composite index. But it’s not a good day. And I would have expected a better performance today after yesterday’s beating
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