Wednesday's Fed remarks appeared to back off from the bank's previous “shock and awe” approach to interest rates. The Apple rally also helped drive markets.
Some traders and investors bet on the Super Bowl Indicator every year. While it isn’t a perfect market indicator, it’s worked somewhat more often than not.
Wednesday, Apple execs revealed the company’s latest iPhone and Apple Watch models in a live presentation held at the company’s state-of-the-art Steve Jobs Theater.
It’s that element of the Turkish crisis – the fast-declining Turkish lira – that’s got traders and investors spooked. And it’s not just occurring in U.S. and Turkish markets. The ongoing Turkish crisis is rattling markets all over the world.
Hopefully, the younger set has now gotten that kind of nonsense out of their investing systems. Yeah, “smart” arrogant millennials like SNAP CEO and co-founder Evan Spiegel can make dumb mistakes too.
The threat of China and economic coercion is real. Can corporations be convinced that there are moral values more important than gaining profits by collaborating with a tyrannical regime?
Designed to compete with Echo, the already well-received Amazon speaker device it closely resembles, HomePod is Apple’s way-late entry into the music-cum-home control and everything else device class.
As with Tulip Mania, panic selling itself in any investment or commodity can get seriously overdone leading to an equal and opposite reaction.
History has witnessed this kind of speculative nonsense before many times since Tulip Mania took hold. That's why it makes us nervous to see it again.
The lesson here seems to be that "diversity" does not mean diversity of opinion. Alas, even a diverse opinion of diversity is now viewed as anti-diversity.
Hopefully, after we get Black Friday out of the way this week, stocks will overcome their current profit-taking, tax-loss selling binge, finally igniting the usual (but not always), annual Santa Claus rally, leading to a profitable year-end close.
Both AGN/PRA and parent company, pharmaceutical giant and Botox king Allergan (AGN) continue to play the “How low can they go” game with a vengeance.
iPhone 8 sales rumored to be slow. iPhone 7 sales, however remain brisk. With iPhone X on deck and Apple Watch 3 sales up, what’s the problem?
Nonfarm payrolls off, but largely due to the effect of recent hurricanes. Wage growth acceleration likely encouraging Fed to jack rates up once again in 2017.
Dow Jones knows the way to light up a boring Wall Street melt up that the punditocracy imagines to be the dark before the U.S. financial storm.
Bond prices sink, banks catch a bid as potential for more hawkish Fed interest rate stance is seen to increase. Energy prices stable to down. Warsh in the lead.
End-of-quarter stock dumping, window dressing in progress, making Thursday and Friday treacherous times to buy. Maybe next week?
Set top box maker surges 30 percent in initial Thursday trading action. Rest of market marks time, with tech taking a hit from more negative iPhone rumors.
Sector rotation, headline risk will dominate trading action in Q4 2017. Here’s what we’re exploring: Financials, transports, oil companies and target ETFs.
After what appeared to be a selling climax last week, both Allergan common and convertible preferred shares soar. But beleaguered Apple shares refuse to follow.