Special Report: Your Investing Guide for the Next Six Dangerous Stock Market Months (Complete with 14 picks)
Yikes. Does this market have enough volatility for you? And I think that volatility will only get worse over the next two to six months, I can't remember a market with so much potential to move up or down in big relatively short-term volatility as this one. Just as...
What’s a divided Congress mean for the stock market?
To mangle Tolstoy: “All one-party Congresses are alike; each divided Congress is divided in its own way.” Today the U.S. stock market is in love with yesterday's election results. Those results removed uncertainty. Eliminated the chance--slight though it was--that the...
Saturday Night Quarterback says, on a Sunday, For the week ahead expect…
... a generally quiet week vis-a-vis news. There is that election thing on Tuesday, November 6, but absent some hugely unexpected result--the Democrats win 80 seats in the House or the Republicans hold onto control of both the House and the Senate--I don't expect a...Market advances on belief that polls showing a Clinton win are correct, but doesn’t crawl out too far on that limb in case the polls are about to pull a Brexit
As of 3:50 p.m. New York time–a little more than 3 hours before voting places close in bellwether states New Hampshire and Florida–the Standard & Poor’s 500 stock index was ahead 0.49% and the NASDAQ Composite index was up 0.78%. In other words, U.S. stock traders and investors are looking for a Hillary Clinton victory as the polls now indicate but they’re not willing to rule out the possibility of a Brexit-style surprise. In that June 25 vote, the “stay in the European Union” position had been winning in the polls but the actual vote gave the victory to the “leave the European Union” side.
Stocks rally on FBI director Comey’s second letter on Clinton emails
The hedges have been coming off today as the financial markets react to FBI director James Comey’s second letter on the FBI’s perusal of a trove of email’s on a laptop that was shared by Clinton aide Huma Abedin with her estranged husband (and former Dencratic Congressman from New York) Anthony Weiner. It’s not so much that Wall Street loves Hilary Clinton as that the markets fear the unpredictability of Donald Trump
It’s not so much one big thing as it is general nervousness
Hillary Clinton’s lead over Donald Trump isn’t as secure as it was just 10 days ago. Facebook (FB) busted above expectations for earnings but still fell big on cautious guidance. This week’s initial claims for unemployment came in at 265,000 instead of the 258,000 economists expected. The Standard & Poor’s 500 stock index is marginally lower going into the close–which would make an eighth straight daily decline. Oil continued to sell off as crude unwinds all the gains after OPEC’s promise of production cuts
History says Tuesday’s election bodes well for a continued market rally
Since 1945, the Standard & Poor’s 500 has climbed an average of 15% a year in years when a Democratic President has been opposed by a Republican-controlled Congress
Wall Street’s consensus Obama/Romney trades this morning aren’t terribly convincing to me
Here’s this morning’s Wall Street consensus on how to trade the presidential election. If President Barack Obama wins re-election, buy Treasuries, hedge with gold, and sell stocks. If Republican candidate Mitt Romney wins, sell Treasuries, buy dollars, and buy stocks.
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