Sloppy Start To The Week

Sloppy Start To The Week

Friends With a bit of a lull between last week's employment data and next weeks Fed meeting, traders will be searching for a catalyst of some sort (of course, at any moment in time Greece could shake things up). Today's action was sloppy at best, with stocks spending...

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Sloppy Start To The Week

Job Data Confuses Market

Friends Market participants couldn't decide whether today's jobs data was good news or bad news. Indeed, the 280,000 new jobs created in May was better than expected, and the unemployment rate is holding near 5.5%, not to mention continuing progress in wages as they...

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Sloppy Start To The Week

IMF Weighs In?

Friends So the IMF feels that the U.S. Federal Reserve should hold off on raising rates until 2016. Ok, now the IMF is the world's central banker I guess. Moving on, stocks had a miserable day today, as the tone was set even before the opening bell as markets around...

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Sloppy Start To The Week

Stocks and Bonds Part Ways

  Friends Today's economic data was certainly nothing to cheer about as the ADP private payroll number came in just about as expected (201,000 new private sector jobs created in May), but the ISM non-manufacturing (service sector) number was somewhat weak. In...

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Sloppy Start To The Week

Choppy

Friends We experienced another mixed day of trading-down some, up some, down some, etc.  The morning began with bomb threats on airlines and concerns about Greek debt, which initially sent stocks into the red, but traders seemed content just to stand back and watch...

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Sloppy Start To The Week

Rally Fizzles

  Friends It appeared that the bulls were going to rule the day as stocks rallied nicely at midday, but as the afternoon wore on the market averages slumped a bit. The ISM manufacturing number was a little better than expected, and coupled with Greece not having...

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