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Showing posts from August, 2015

August 15, 2015 – Weekend Market Comment

August 15, 2015 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. For full details read my disclaimer (link at the bottom of this page).


The Blah Blah Blah (courtesy of CNBC)
U.S. stocks closed higher on Friday amid news regarding Greece and after the release of three more economic data sets while investors' focus shifted back to the Federal Reserve. U.S. equities hit session highs less than an hour ahead of the close as news about the euro zone confirmed it agreed to launch a new bailout program for Greece. Before then, the three major indexes traded in a range similar to that of Thursday.
(Oh Joy . . . Greece has more unpayable debt)

The Dow Jones Industrial Average closed up 69.09 points higher, or 0.4 percent at 17,477.4, led by DuPont and ExxonMobil being the greatest laggard. The S&P 500 closed up 8.16 points, or 0.39 percent, to 2,091.55, with util…

August 8, 2015 – Weekend Market Comment

August 8, 2015 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. For full details read my disclaimer (link at the bottom of this page).


The Blah Blah Blah (courtesy of CNBC)

U.S. stocks closed slightly lower on Friday as news of an activist stake in American Express offset some of the pressure from oil's decline, following an in-line nonfarm payrolls report. The major averages ended the week about 1.5 percent lower, with the Dow Jones industrial average the worst performer. Stocks halved losses in afternoon trade, with American Express jumping more than 6 percent on news that ValueAct took a $1 billion stake in the firm. In afternoon trade, trade volume in shares of the financial services firm was nearly double its average for the entire day.

The Dow Jones Industrial Average closed down 46.37 points, or 0.27 percent, at 17,373.38, with with Wal-Mart leading decliners…