The markets rebounded off of three month lows last week. The rally was a continuation the previous Friday’s upturn in a response to the aura of bipartisanship. The focus was on negotiation rather than brinkmanship. Concerns about European sovereign debt were ignored as the focus remained on Washington. The volume…
I am going to go out on a limb and guess that readership might be a bit light this week. As much as I hate to admit it, many people might have planned other things to do on the day after Thanksgiving. So for the diligent that are reading this,…
The markets reached three month lows with a second consecutive week of significant losses. This was in response to investor concern about the fiscal cliff and the possibilities of a resulting recession. The sell-off was ameliorated by an afternoon gain of over 1% off of Friday’s lows. This short covering …
In case you haven’t noticed, next week is Thanksgiving. I don’t know about everyone else, but for me it kind of snuck-up this year. In years past, I have looked forward to Thanksgiving week way ahead of time. I love to think about the football game we play in the…
Barack Obama won the presidency last week. The Democrats control the Senate and the Republicans control the House of Representatives. The index futures were up the during night following the election. This reaction was tempered by warnings from Mario Draghi concerning the state of the European economy- including Germany. The…
It is finally over. Barack Obama was re-elected President of the United States on Tuesday. All the campaigning, debating, spending more money than the GDP of a small country is finished. Markets sold off on Wednesday spurred by renewed problems in Europe, concerns about the fiscal cliff, a continued fall…
Hurricane Sandy’s assault on New York environs led to a shutdown of U.S. equity and bond markets on Monday and Tuesday. It was the first time since 1888 the NYSE was closed down by weather for two consecutive days. Uncertainty about this coming Tuesday’s U.S. presidential election was apparent during…
Futures + Options News