A Second Rally Day?

U.S. consumer spending for retail sales excluding automobiles, gasoline, building materials and food services increased 0.6% in January after declining 0.3% in December. Consumer spending accounts for more than two-thirds of U.S. economic activity. Consumer spending is being supported by a strengthening labor market, which is starting to lift wages. (Reuters) U.S. import prices fell…

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A dead cat bounce?

The Asian stock rout continued overnight, with the Japanese Nikkei dropping 4.8%, its seventh decline in eight sessions to the lowest close since October 2014. The 10-year Treasury yield hit a low of 1.53% yesterday. That is an August 2012 low. (Reuters/CNBC) Big bank AIG, reported a fourth-quarter loss of $1.3 billion versus a profit…

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Stocks Drop – Gold Jumps

Fed Chair Janet Yellen goes back to Capitol Hill and the Senate this morning after rattling markets from the House side yesterday. The 10-year Treasury yield has fell to around 1.53%. That is a three-year low. (CNBC) Pepsi reported quarterly profits rising to $1.72 billion, from $1.31 billion, a year ago as higher sales of…

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Disney Rolling in Earnings – 02/10/16

Disney Rolling in Earnings US Stocks finished yesterday’s extremely volatile trading session near the flat line. The DOW traded in a 1000 point range yesterday eventually settling nearly unchanged. We also saw a sharp drop in oil prices back below $30/barrel. Coca-Cola reported 4th quarter revenue of $10 Billion which was $100mm above Wall St….

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