Scary World, Scary Stock Market – 01/06/16

U.S. stocks and those around the world are lower this morning, after North Korea claimed to have successfully tested a H-bomb, knocking markets already concerned about China’s economy. (Fox) Mortgage application volume fell dramatically over the past two weeks, even when adjusted for the holidays. This was likely due to a rush in home loans…

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2016’s Biggest Misleading Headline – 01/05/16

We are ready to call this the biggest misleading financial headline of 2016.  “U.S. Stocks Post Worst Annual Losses Since 2008”. We all remember in 2008 the S&P 500 was down nearly 40%.  In 2015 the S&P 500 was down 0.7% and if you add in the dividends returned a positive of a little over…

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A Global Selloff – 01/04/16

U.S. and European stocks are dropping today, after Chinese equities plunged 7%. Spurring the sell-off, factory activity in China contracted for the 10th straight month in December. The S&P 500 snapped a three-year winning streak in 2015. The Nasdaq posted its fourth straight positive year. (CNBC) More bad news for American Express. They and Bank…

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