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29Aug2016 Market Close: Major US Indexes Closed In The Green, But Fell Off Session Highs Along With The US Dollar

Written by Gary

Wall Street snapped a three-day losing streak today (SPY +0.5%) as financial stocks rose after Fed Chair Janet Yellen said the case for an interest rate hike had strengthened. Short-term indicators are mildly bullish after the US dollar dropped from session highs. Crude prices remained at the 47 handle and gold fell fractionally.

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29Aug2016 Market Update: Wall Street Continues To Melt Upward From Opening, US Dollar Now Falling, Gold Rising Sharply, Crude Prices Rising Off Session Lows, Short-Term Indicators Moderately Bullish

Written by Gary

Afternoon trading sees weakness in the US dollar as major indexes melt upwards on anemic volume (SPY +0.6%). Consumer spending increased 0.3% last month, matching economist expectations. Consumer spending accounts for more than two-thirds of U.S. economic activity. Personal income increased 0.4%. That also matched estimates.

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29Aug2016 Pre-Market Commentary: US Futures Point To A Fractionally Higher Opening (For Now), Gold And Crude Prices Fall On Stronger US Dollar, Rate Increase Now At 65% In December

Written by Gary

U.S. stock index futures pointed to a fractionally higher (SPY +0.09%) open on this morning, as investors looked ahead to U.S. economic data for fresh hints on the timing of the next U.S. rate hike. December odds were at around 65%, compared to 50% Friday morning. The U.S. dollar climbed to a two-week high and gold and crude prices fell sharply.

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26Aug2016 Market Close: US Markets Close In The Red, US Dollar Remains Higher, Crude And Gold Back Down Where They Started Yesterday

Written by Gary

The US markets closed down, but just a notch below flat and uninteresting (SPY -0.16%). Should I mention that volume remains at low levels not see prior to 2005? Ms. Yellen has spoken and left the door open for an interest rate increase as early as next month. Short-term indicators have from neutral to fractionally bearish and we will have to wait until next week for better market direction.

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26Aug2016 Market Update: US Markets Unexpectedly Opened Higher, Then Declined After Digesting Yellen's Speech,Crude And Gold Returned To Normal And The US Dollar Remains Higher

Written by Gary

US Markets swimming In the red and Janet Yellen is getting closer to raising interest rates, signaling that a rate hike this year is still on the table, but she was vague on timing. It is unlikely the Fed would raise rates right before the U.S. elections. Consumer sentiment from the University of Michigan came in at 89.8, down from the preliminary reading of 90.4.

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26Aug2016 Pre-Market Commentary: US Futures Fractionally Down, US Dollar Falling, Gold Rising, WTI Crude Testing The 50 Handle Before Yellen's Speech

Written by Gary

US stock future indexes edged lower this morning (SPY -0.1%), the dollar edged down as investors turned cautious before a keynote speech by Fed Chair Ms. Yellen regarding U.S. interest rates. GDP readings earlier, showed the U.S. economy grew at an annualized pace of 1.1%.

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25Aug2016 Market Close: Markets Close Down, Mixed And Flat Ahead Of Ms. Yellen's Rate Speech Tomorrow

Written by Gary

US markets closed mixed and flat (SPY - 0.1%) with small caps fairing better closing in the green. Wall Street was weighed down by a drop in consumer and healthcare names, while financials rose modestly after two more Federal Reserve officials pushed towards the case for a rate hike. Yields on U.S. Treasurys edge higher a day ahead of Fed Chairwoman Janet Yellen's speech in Jackson Hole.

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25Aug2016 Market Update: US Markets Mixed And Flat, Crude Prices Have Regained 75% Of Morning Losses, US Dollar Melting Upward

Written by Gary

US markets going into the afternoon session have been trading in a sideways trend, but have remained mixed and flat on low volume. Texas Tea and Brent rebounded moderately today after a surprise build in U.S. inventories in the prior session drove prices down 2.8% and 1.8%, respectively. Short-term indicators neutral.

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25Aug2016 Pre-Market Commentary:The Specter of Jackson Hole Is Weighing On the MarketsThe specter of Jackson Hole Is Weighing On the Markets

Written by Gary

Not only are most major global markets in the red, the USA markets look like they will also open moderately down from yesterday's close. Pundits claim investors are sitting on the sidelines awaiting clarity from Fed Chair Yellen tomorrow on interest rates. The specter of Jackson Hole is weighing on the dollar, oil, and gold.

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