Gold Hits 3-Month High

The Federal Reserve starts a two day meeting this morning and is not expected to take any action on interest rates this meeting. However, there is hope central bankers will make some reassuring comments about market volatility and offer guidance on rate hikes. (Fox Business News) Big bank AIG will return a minimum of $25…

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First Positive Week of 2016 – 01/25/16

U.S. stocks logged their first positive week of 2016 last week. But the S&P 500 and Nasdaq are still in correction territory ahead of today’s trading. (CNBC) McDonald’s fourth-quarter results are out reporting profits of $1.31 per share on revenues of $6.34 billion. Global same-store rose 5%. In the US, they jumped 5.7% thanks to…

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OIL LEADS RALLY – 01/22/16

General Electric fourth-quarter profits were 52 cents per share, down from the 56 cents it reported last year. Sales rose 1% to $33.8 billion. GE reaffirmed its full-year profit forecast of 2% to 4% organic growth for the year. (Fox Business News) Oil and gas exploration services company, Schlumberger says customers are abruptly cancelling projects….

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No One Rings A Bell – 01/21/16

With the recent market turmoil, January is on track to be the worst month for the S&P 500 since February 2009, the last month of financial crisis losses before the market began its rebound. Make a note …. That downturn ended …. So will this one. There is nothing a long-term investor with a well-diversified…

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The Bear Roars Some More – 01/20/16

Stocks are dropping this morning, as oil prices sink another 3% and have traded below $28 per barrel, hitting lows not seen since September 2003.  The S&P 500, and Nasdaq remain in correction territory after closing flat yesterday in a volatile session. The S&P 500 is just above the August 2015 correction low of 1,867….

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China Sees Growth – 01/19/16

U.S. stocks are sharply higher this morning, after Chinese stocks gained 3.2% last night. Data shows the Chinese economy grew at 6.8%in Q4of 2015. For 2015, China’s growth slowed to a 25-year low of 6.9%. The world’s second-largest economy continues to shift away from its manufacturing roots. (CNBC) Bank of America reported a 9.8% rise…

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