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.

Feb 05 2016

Wall St looks ahead to jobs report

Market Recap 2/04/16:

U.S. stocks rose for a second straight day on Thursday, as a fall in the U.S. dollar boosted the price of copper and other metals, which in turn spurred a rally in material shares. The day’s trading was volatile, with major indexes attempting to recover from recent sharp losses at a time when much of the news flow – including on earnings and economic data – has been disappointing or tepid. Investors have been torn over whether poor data should be taken as a sign that the economy is getting weaker, or whether it means the Federal Reserve may slow its plan to raise interest rates, which would be a market positive. 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.

On the downside on Thursday, a number of major retailers fell on the back of weak quarterly results, suggesting consumers are not taking advantage of cheap oil prices to spend elsewhere.

Looking ahead:

U.S. stock index futures were flat on Friday as investors awaited the closely watched January jobs report. About 190,000 jobs are expected to have been added in the month, and if the report comes in below expectations, that could solidify theories that the Fed will hold off on its previously stated plan to raise rates by four times this year. A positive read would suggest the economy continues to grow despite recent market turbulence; trading could be volatile if investors differ on how to interpret the report. Don’t miss this week’s Money Matters with Gary Goldberg, where the guest will be Steve Forbes. 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 04 2016

Wall St edges up as oil prices continue to rise

Market Recap 2/03/16:

U.S. stocks mostly rose on Wednesday, lifted by energy shares as crude oil jumped by about 8 percent. The day’s trading was the latest example of heavy volatility in key assets, 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.

Crude oil surged after comments from Russia’s foreign minister suggested there could be a deal among oil producers to cut production targets, which would help address some of the over-supply issues that have weighed on the commodity for several months. The gain in oil boosted the overall energy sector, which helped the Dow and S&P 500 recover ground that had been lost recently. Sentiment was also lifted by a stronger-than-expected read on private-sector employment, which was viewed as a positive sign going into Friday’s jobs report.

Looking ahead:

U.S. stock index futures edged slightly higher on Thursday, as crude oil extended its rally from the previous session, providing further support for beaten-down energy shares. Markets could take on a more pronounced direction following the release of weekly jobless claims, which will provide another insight in to the labor market ahead of Friday’s jobs report. Investors are also looking ahead to quarterly results from major energy names like ConocoPhillips (COP) and Occidental Petroleum (OXY). 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.

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