In the first quarter, US markets witnessed lots of worries such as a stronger dollar, weak oil prices and the timing of an interest-rate liftoff; but that seems to fade away as the economy enters into the second quarter, said Kate Nixon, CIO at Northern Trust Wealth Management. The energy markets have stabilized along with the greenback and despite the …
One Man’s Opinion: Have Lending Costs To Corporate Europe In The Periphery Declined?
Despite weak credit conditions, lower oil and a slumping euro, Goldman Sachs is optimistic about the region’s growth prospect this year, said Kevin Daly, Senior European economist at Goldman Sachs. The investment bank revised euro area’s GDP growth-forecast higher – between 1.2% and 1.5% for this year and between 1.6% and 1.7% for next year. For the first-time, GS is …
One Man’s Opinion: Will Europe Be Likely To See Strong Growth Next Year?
The latest upward revision of second-quarter US GDP to 4.6 percent indicates an annualized growth rate of 3 percent or more in the third quarter, said David Kelly, chief global strategist at JP Morgan Funds. After years of disappointing growth, finally the US recovery seems to gather a lot of steam, he observed. Asked to explain the recent stock sell-off …
Stocks Back On Track; Is Apple Hip Enough To Sport Beats By Dre?
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks were back on track today, with the S&P breaking back through record territory and the Dow approaching historical highs. The Dow is now within a scant 17 points of its all-time closing high of 16,715.44. It was all about recent economic updates we received today. The latest economic data that came …
Stocks Pull Back; Revised GDP Numbers On Deck
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks pulled back today and decided to take a breather after hitting record highs during the previous two trading days. The S&P 500 closed out the day slightly down with the Dow and Nasdaq also ending in negative territory. Amongst the movers and shakers today was Toll Brothers Inc. (TOL) Toll Brothers …
Slippage Continues
[Chart courtesy of MarketWatch.com] The major market ETFs began the trading week in limbo, giving the Standard & Poor’s 500 Index its fifth drop in six sessions, as an empty economic calendar and news on the equity front failed to inspire investors. A weak read on 2Q GDP out of Japan became a little dark cloud early on, as markets …