Daily Market Updates

January 22, 2015

Another volatile day for the market on the back of an announcement from the ECB that they will launch a $70B per month bond buyback program, similar to our own QE over the past few years, in the hopes of reigniting the stalled European economy.  The program is scheduled to run through September of 2016. The quarterly earnings tsunami continues and stocks on the move include network equipment maker F5 Networks whose… Read More ›

January 21, 2015

U.S. Stocks advanced on Wednesday, with Wall Street’s volatility unabated, as investors largely adopted the view that the European Central Bank would implement a large-scale bond-purchasing program.  Multiple news outlets quoted sources in reporting the ECB’s executive board had proposed monthly bond purchases of roughly 50 billion euros in a QE program that would last at least a year.  And, data showed U.S. housing starts climbed more than expected in December.  At… Read More ›

January 20, 2015

After 3 consecutive weeks lower the major indices opened higher this morning on talk of ECB QE when they meet on Thursday but the market quickly turned lower as declining oil prices continue to weigh on the energy sector.  At the low the Dow was down 165 points but rallied back. Stocks on the move today included Newmont Mining whose shares jumped more than 5% as gold prices rallied to the highest… Read More ›

January 16, 2015

Volatility continues to hold center stage as coming into today the S&P 500 had traded lower for 5 consecutive days, shedding 3.3% of its value, and the market once again edged lower at the open today ahead of the 3 day MLK weekend before a mid-morning rally took hold. In economic news the consumer price index dropped .4% in December, the biggest one month drop in 6 years thanks to a 14%… Read More ›

January 15, 2015

Volatility continues to be the theme as the Dow Industrials opened 70 points higher today but went negative within just a few minutes of the open and stayed in the red all day.  The S&P 500 has now traded lower for 5 consecutive days and lost more than 3.3% of its value. In economic news the producer price index fell .3% in December, its largest monthly drop in 3 years, as oil… Read More ›