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Monthly Archive: July 2014

Jul 31

Rate Hike Comes Sooner Than Expected?

Market Recap: Market participants received some encouraging news early Wednesday as economic data showed the US economy growing by 4%, significantly above the 3.2% estimate, during the second quarter. However, given the sharp adjustments to GDP data in the past, many investors remained pessimistic that the final read will be this strong. Moreover, the strong …

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Jul 30

Expect a Relatively Muted Session

Market Recap: Slightly disappointing earnings and nervousness ahead of Wednesday’s GDP release caused markets to drift lower on Tuesday. Volume and volatility were muted ahead of a busy reporting day, with most sectors of the S&P declining – Telecom shares were the only gainers for the day. Commodities were mixed, while Treasuries remained flat as …

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Jul 28

Investors Are Holding Their Breath

Market Recap: It was a rough start of the week, as the Dow Jones Industrial Average dropped by nearly 100 points before rebounding and ending the day near flat for the day. M&A activity continued as its recent torrid pace, with online real-estate company Zillow announcing it would acquire rival Trulia for $3.5 billion and …

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Jul 24

The Current Market Environment

Market Recap: Strong earnings drove stocks to new highs as Facebook shares soared on much better than forecast earnings. Shares of International Paper (IP), Yahoo (YHOO), and IBM (IBM) were also among market leaders. In spite of the positive earnings momentum and encouraging economic news, which showed jobless claims falling to a 9 year low, …

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Jul 24

Exceeding Earnings Expectation

Market Recap: Stocks were mixed on Wednesday, as market participants weighed strong earnings against a slightly disappointing Mortgage Origination report. Boeing and Apple both impressed, helping drive the S&P 500 to a new record high. The Dow Jones did lose a small fraction of a percent as Consumer and telecom shares fell. Sectors of the …

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Jul 23

Stocks Rebound Tuesday

Market Recap: Stocks rebounded on Tuesday, as strong earnings lifted investor’s spirits and fears of increasing violence between Israel and the Palestinian Territories as well as in the eastern region of Ukraine ebbed. The traditionally defensive Consumer Staples and Utilities sectors were the only losers for the day, with Technology, Energy and Health Care shares …

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Jul 22

Economic Data & Earnings Heat Up

Market Recap: Global bourses sold off on Monday as investors grew more and more anxious over the violence in Gaza and the rising geopolitical tensions between the world and Russia after the downing of Malaysian Airlines Flight MH 17. The Dow fell as much as 130 points before rebounding to close with relatively minimal losses. …

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Jul 21

This Week’s Market Moving Events

Market Recap: As we wrote and expected in the beginning of last week, market participants largely ignored geopolitical events and focused on earnings instead. However, the downing of Malaysian Airlines flight MH 17 by (apparently) Russian separatist in Ukraine may shift this dynamic over the coming days. More significantly from a market perspective, corporate earnings …

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Jul 17

Earnings Continued to Impress Investors

Market Recap: Earnings continued to impress investors after the close Tuesday and ahead of the open on Wednesday. Moreover, increased merger activity – or at the very least proposed merger activity – lifted investor’s moods, along with a relatively robust Beige Report, which showed the economy growing at a moderate pace. Energy and Technology shares …

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Jul 16

Fed Chairwoman Begins Two Day Testimony

Market Recap: Market activity was muted on Tuesday, as investors held off on making significant portfolio moves ahead of critical earnings reports from Intel (INTC), Goldman Sachs (GS), CSX Corp (CSX), and Johnson & Johnson. Sectors of the S&P were mostly higher, with financial shares leading the charge after a strong report by JP Morgan …

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