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Ahead of the long weekend, here is what the S&P 500 earnings data looks like, compliments of IBES data by Refinitiv. Only one name of note will report next week and that is Oracle (ORCL), one of the 1990s tech giants struggling with the cloud transition. LuluLemon (LULU) is also schedule...
On a special, blog-only edition of Market Week in Review, Mark Eibel, director, client investment strategies, and Research Analyst Laura Bardewyck discussed recent economic data releases, the current market selloff and the potential influence of U.S. election season on markets. Key takeaway...
By Jill Mislinski Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their metho...
Ouch. We haven't seen a drubbing like this since June 11th, when the market sank 5.9%. That 5.9% drop was the 20th worst day in 70 years. How does today's drop stack up? Today's 3.5% drop was a big deal. It was the 71st worst out of 17,783 trading days since 1950. That puts it at the 0.4% pe...
Dear Friends, This post is in some ways a hybrid between the posts This Has Never Happened Before and The Rules, Part LXIV "Weird begets weird." What I am writing stems from what I have been hearing on Bloomberg Radio and other media outlets where they have bought into the idea that bu...
Analysts spend volumes debating why, oh, why is September such a poor month to get through? Wrong question. Ask first if there is any validity to this oft-repeated fable. It has been told so many times that many people believe it. Here is a recent headline from Mark Hulbert, a MarketWatch co...
Editor's note: Seeking Alpha is proud to welcome Clem Chambers as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Schrödinger...
Durable Goods Orders Orders rose 11.2% in July, but just like June, it was fueled predominately by the demand for new cars and trucks. When we exclude transportation, new orders rose 2.4%. Orders for autos and parts rose 22%, which was down modestly from the 24% growth we saw in June. N...
US stock markets at record highs The S&P 500 share index has gained around 50% from its March 23 low of 2237, although the sharpest appreciation was already realized by June. The Nasdaq index has shown even stronger performance: from its pre-COVID-19 peak of 9818 in mid-February, it ...
By Jill Mislinski Six of eight indexes on our world watch list posted losses through August 31, 2020. The top performer is China's Shanghai with a gain of 11.33%. Our own S&P 500 is in second with a gain of 8.34% and in third is Tokyo's Nikkei 225 with a loss of 2.18%. Coming in last i...
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NEW YORK , Aug. 28, 2020 /PRNewswire/ -- Direxion continually reviews its product range to ensure it's meeting the needs of our clients. Based upon a recent review, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close 15 ETFs (each, a "Fund" and c...