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Monthly Archive: October 2014

Oct 31

Time For Market Bears To Hibernate Once Again

Market Recap: Strong third quarter GDP data, which came in at an impressive +3.5%, caused some investors to fear that the Fed would raise rates sooner than expected (sound familiar?) – causing pre-market futures to fall slightly. But earning came to the rescue – today it was Visa’s (V) turn, which rallied more than 10%, …

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Oct 30

Better Economic Conditions

Market Recap: Markets sold off slightly on Wednesday as there were few surprises in the FOMC announcement. As expected, the Federal Reserve announced the end of Quantitative Easing (QE), and maintained its pledge to keep interested rates low “for an extended period of time.” Dr. Yellen indicated in her press conference that the Fed saw …

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Oct 29

Long Awaited Fed Meeting

Market Recap:   Investors ignored weaker than forecast Durable Goods orders and a slower rise in home prices and instead focused on corporate earnings and strong consumer sentiment ahead of Wednesday’s Fed minutes release and Chairwoman’s conference. All sectors of the S&P climbed, with Industrials and Energy shares gaining most, while the traditionally defensive Consumer …

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Oct 28

Expect a Relatively Muted Session

Market Recap: It was a wait and see day on Wall Street as market participants mostly stayed on the sidelines ahead of earnings reports and this week’s key FOMC meeting where the Fed is expected to announce an end to QE (Quantitative Easing). Stocks were little changed on Monday as the economically sensitive Energy and …

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Oct 24

Next Week’s Market Moving Events

Market Recap: While major market indexes rose sharply on Thursday, it wasn’t an “all-clear” for investors as telecom shares and consumer staple stocks fell, while healthcare and technology shares rose nearly 2%. Strong earnings by Caterpillar, which also raised its full-year outlook, lifted investor’s spirits causing the Dow to gain as much as 300 points …

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Oct 23

Markets are looking to regain their footing

Market Recap: Wednesday started out with the expected low volume, low volatility trading pattern as there was little news for investors to get agitated over. That all changed late morning, as news came across that there had been a terrorist attack in Canada’s capital, Ottawa – the second in three days. One or more gunmen …

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Oct 22

All sectors of the S&P rose

Market Recap: Stocks rallied for a fourth day in a row as the S&P climbed nearly 2% on strong corporate earnings reports and better than forecast economic news. All sectors of the S&P rose on Tuesday, with the economically sensitive materials sector outperforming, while the traditionally defensive consumer staple and utilities sectors underperformed. Commodities were …

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Oct 20

Volatile weeks for equities in over five years

Market Recap: In what turned out to be one of the most volatile weeks for equities in over five years, investors found themselves a bit befuddled as there really was no fundamental reason for any of the violent market action last week. Fears over the Ebola virus, weakening economic conditions in Europe and some saber-rattling …

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Oct 17

QE 4 or not?

Market Recap: Volatility declined on Thursday as investors started coming back to the market and selectively took advantage of the buying opportunity the near 10% sell-off created. Energy, Industrial and Consumer Discretionary shares all fared well on Thursday, as fears over a significant slowdown in the global economy abated. Economic news was mixed, as home-builder …

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Oct 16

Nerve racking volatility over the past few weeks

Market Recap: Selling pressure came to a boil on Wednesday, as the Dow Jones Industrial Average fell as much as 460 points by 1:30 PM. Weaker than forecast Retail Sales data as well as a down-tick in manufacturing activity, coupled with weak Eurozone data caused markets to plunge over 1 ½% at the open. On …

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