Feb 12 2016

Wall St ends volatile week with sharp rebound

Market Recap 2/11/16:
 
U.S. stocks ended a volatile session with heavy losses on Thursday, as investors fretted over the prospect that higher rates could be coming despite economic weakness. Major indexes ended well off their lows, helped by a recovery in the energy sector, but both the Dow and S&P 500 still ended down by more than 1 percent. The recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg  click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.
 
Wall Street’s losses were driven by the growth concerns that have weighed on equities throughout the year. These worries were underlined in testimony from Janet Yellen to the U.S. legislature, with investors skeptical that markets could see a lasting recovery without central banks becoming more accommodative. Despite that, sentiment improved late in the session after a report that OPEC may be considering lower production targets, which could help address the oversupply issue that has weighed on crude oil prices, sending them to multi-year lows. 
 
Looking ahead:
 
U.S. stock index futures rallied on Friday, lifted by a 5 percent jump in the price of crude oil, which looked to lift beaten down energy shares. The move implied by futures also came in reaction to the heavy volatility seen throughout this week, which took the S&P 500 to a two-year low on Thursday. Market direction could be influenced by economic data, with retail sales and import prices coming out before the open, followed by a read on consumer sentiment after the open. Volatility could be high in the afternoon as investors position for the long weekend – U.S. markets will be closed for Presidents Day on Monday. Many may not want to hold long positions going into the holiday. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Feb 11 2016

Wall St falls sharply; Yellen testimony in focus

Market Recap 2/10/16:
 
U.S. stocks ended a volatile session mostly flat on Wednesday, as investors digested comments from Janet Yellen, the chair of the Federal Reserve. Major indexes swung between big gains and break even levels, in the latest example of heavy market volatility, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg  click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.
 
In testimony to the U.S. Congress, Yellen said that the Fed was holding steady with its plan to raise interest rates four times this year, though she also acknowledged risks to the economy stemming from such factors as China and the price of crude oil. If the central bank had decided to slow its rate hikes, that would have been taken as an indication that economic conditions are worse than many analysts had expected. Keeping them steady assuages some of those concerns; however, many investors are skeptical that the market can see large gains in the current environment without more accommodative measures. The S&P 500 is down about 9 percent thus far this year.
 
Looking ahead:
 
U.S. stock index futures fell sharply on Thursday, as investors continued to digest Yellen’s comments and looked ahead to another day of her speaking in Washington. Equities in Europe – which closed before her testimony on Wednesday – saw steep declines, and U.S. futures tracked that weakness. Crude oil took another leg lower, falling under $27 a barrel, where it traded at multi-year lows. Investors continue to be concerned that persistent weakness in oil could presage a broader slowdown in the global economy, especially since the commodity has been struggling to find a bottom. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Feb 10 2016

Wall St looks for rebound ahead of Yellen

Market Recap 2/09/16:
 
U.S. stocks ended a volatile session with slight losses on Tuesday, with major indexes recovering off of early lows. While sentiment shifted to the positive in afternoon trading, the day’s action was the latest example of heavy market volatility, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg  click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.
 
The day’s trading was split between sectors that rallied and ones that saw heavy slumps. On the downside, crude oil fell by nearly 6 percent, dragging down shares of energy-related companies, which were among the weakest of the day. On the upside, healthcare names like Pfizer (PFE) jumped on the day, lifting the overall sector, while Internet stocks like Netflix (NFLX) and Facebook (FB) recovered after a period of recent weakness.  
 
Looking ahead:
 
U.S. stock index futures rose on Wednesday, suggesting a sharp rebound from the recent string of losses as investors looked ahead to Fed Chair Janet Yellen’s testimony to congress on the economy, which will occur both today and Thursday. Her comments will be closely scrutinized for any hint as to whether the central bank will hold steady with its schedule for raising interest rates despite recent economic turmoil. If Yellen indicates the central bank will change its policies or plans, that could suggest economic conditions are more strained that analysts currently forecast. Also lifting stocks in premarket was Walt Disney (DIS), which reported stronger-than-expected results, thanks to the performance of its latest “Star Wars” film. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Feb 09 2016

Wall St lower on concerns about growth, oil prices

Market Recap 2/08/16:
 
U.S. stocks fell sharply on Monday , with major indexes down by more than 1 percent as investors fretted over the pace of economic growth and Federal Reserve policy. The day’s trading was the latest example of heavy market volatility, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg  click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.
 
The day’s losses were driven by cyclical stocks – names that are closely tied to the pace of economic growth. Investors were concerned that recent headwinds in the economy – including slowing growth in China and persistently low oil prices – could lead the Fed to slow its plan to increase interest rates this year. Such a change in policy would signal that conditions had become more severe than many expected, raising the specter of a global recession. At the same time, bank stocks were pressured because if the Fed does slow its rate plan, that that would keep the sector’s net interest margins low. 
 
Looking ahead:
 
U.S. stock index futures edged lower on Tuesday after the International Energy Agency said that oil demand growth was expected to fall further in 2016, suggesting that oil prices may have not yet hit a bottom. If true, that could indicate that there is a cap on the broader market, which has been closely tied to the price of the commodity. Caution was also high amid global equity weakness. Japan’s stock market fell more than 5 percent as investors rushed to safe-haven assets, and by a lack of liquidity as China’s market was closed for the Lunar New Year holiday. Investors are looking ahead to quarterly results from such major names as Coca-Cola and Walt Disney, and awaiting Fed Chair Janet Yellen’s testimony to congress on the economy later this week. Don’t miss our president, Oliver Pursche, who will be appearing on CNBC this afternoon at 3:45. Also, don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Feb 08 2016

Wall St falls; investors want Fed clarity

Market Recap 2/05/16:

 

U.S. stocks fell on Friday, with the Dow and S&P 500 dropping by more than 1 percent and the Nasdaq falling by more than 3 percent. The day’s trading was the latest example of heavy market volatility, and the recent whipsawing has many investors concerned. If that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services, ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

 

Losses on Friday were driven by the January jobs report, which disappointed by coming in below expectations. At the same time, the unemployment rate fell below 5 percent, which suggested the Federal Reserve could hold to its plan of raising interest rates four times this year. The report was not only a discouraging read on the economy, but suggested investors couldn’t hope for accommodative support to limit downside. Markets were also pressured by weakness in technology names, which contributed to the outsized losses in the Nasdaq. Facebook (FB), Netflix (NFLX), and Amazon (AMZN) all fell sharply on the day.

 

Looking ahead:

 

U.S. stock index futures fell sharply on Monday, extending the previous week’s decline as investors continued to fret about the pace of economic growth, and whether the Fed would stick with its plans to raise interest rates. Economic uncertainty pushed crude oil prices lower, weighing on energy stocks and underlining the concerns investors have about commodity weakness leading to a broader slowdown. Market participants are looking ahead to two days of congressional testimony from Janet Yellen, the Fed chair, who will be speaking about the economy on both Wednesday and Thursday. Trading could be volatile until Yellen provides a stronger clue into what the central bank’s policy plans are for the current environment. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.

Older posts «