Traders shook off their holiday hangovers and pushed the markets higher despite another wild day of oil price swings. Check out the big gains for the Dow Jones Industrial Average, S&P 500, and Nasdaq today: Dow Jones: 16,196.41; +222.57;+1.39% S&P 500: 1,895.58; +30.80; +1.65% Nasdaq: 4,435.96; +98.44; +2.27% DJIA Today: Bank Breakups and Hedge Fund Portfolio Shakeups First up, Goldman Sachs Group…
Despite the skepticism of some market analysts, Tesla has recently confirmed that its highly anticipated Model 3 vehicle will indeed debut at a price point of $35,000. It is worth pointing out that any additional extras will bump the price up significantly, and that the $35,000 figure absolutely refers to the base Model 3 unit. Massive tax subsidy But…
Investing isn’t always easy and 2016 has certainly proven that volatility in the stock market can lead to significant shifts in investor sentiment and philosophy. A correction of this nature should be viewed as an opportunity to analyze your current strategy to ensure its measuring up to your expectations. What it should not do is…
Yesterday we reported that the ECB has begun contemplating the death of the €500 EURO note, a fate which is now virtually assured for the one banknote which not only makes up 30% of the total European paper currency in circulation by value, but provides the best, most cost-efficient alternative (in terms of sheer bulk and storage…
PHILADELPHIA, Feb. 16, 2016 (GLOBE NEWSWIRE) — Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP) announced that its Board of Directors, at a meeting held today, declared a quarterly cash dividend of $0.03 per share on the common stock of the Company, payable on March 21, 2016 to the shareholders of record at the close of business…
Our benchmark S&P 500 soared at the open, gave back about half its gain by mid-morning and then rose through the lunch hour to a narrow trading range through the rest of the afternoon. The index closed with gain of 1.65%, a tick off its intraday high in the closing seconds. Today’s advance was day…
This looks to me more like an overreaction to the down side in gold based off a sort of mini-panic out of the safe haven trades. From a fundamental standpoint, nothing has changed in regards to the concerns about negative interest rates nor the chaotic nature of the forex markets. While today’s move in gold…
Goldman analyst Jeffrey Currie came out this morning with a ‘sell gold’ recommendation for Ma and Pa Muppet. I was fortunate enough to hear his explanation for this in his own words on Bloomberg TV, which had touted his gold call about every fifteen minutes all day. The net summary of Mr. Currie’s forecast is…
Despite weaker than expected Chinese Trade Balance stocks actually performed well on the back of PBOC rhetoric concerning the currency, taking it to its strongest level against the USD in almost a year (6.4935). It has however, weakened since China close and the off-shore was last seen in NY at 6.5200. Shanghai closed +3.3%, Hang…
Talking Points EUR/USD turns down from trendline resistance 1.1050 area a critical support confluence EUR/USD – Breakout Hangs in the Balance EUR/USD failed last week from just above the 1.1340 internal trendline that connects the March, April and August 2015 lows. A fairly sharp correction has followed, but the euro is still well above the key support…
