econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



24Dec2015 Market Close: Markets Close Marginally Lower As Crude Eases Into Low 38's

Written by Gary

US markets finished somewhat lower today as a drop in energy stocks kept a lid on holiday cheer in a shortened Christmas Eve trading session. Oil closes above $38 as U.S. supply tightens and remains near the 11-year low and the US dollar slumps.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

Wall Street edges lower in short session

(Reuters) - Wall Street finished a little lower on Thursday as a drop in energy stocks kept a lid on holiday cheer in a shortened Christmas Eve trading session.

U.S. jobless claims near 42-year low as labor market tightens

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy.

Puerto Rico needs debt restructuring authority: U.S. Treasury Secretary

NEW YORK (Reuters) - Puerto Rico needs debt restructuring authority under U.S. bankruptcy law to address what the Obama Administration has previously called an "escalating crisis", U.S. Treasury Secretary Jack Lew, said on Fox Business Network TV on Thursday.

U.S. retailers at risk of missing modest holiday sales goals

CHICAGO/NEW YORK (Reuters) - Retailers are struggling to meet even modest forecasts for the holiday shopping season this year after the "Super Saturday" before Christmas failed to live up to its nickname, industry research groups said.

U.S. says $1 billion linked to Venezuelan energy corruption scheme

(In Dec. 21 item, clarifies throughout that company's full name is Tradequip Services & Marine)

SAC Capital to pay $10 million in investors' insider trading lawsuit

NEW YORK (Reuters) - Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP has agreed to pay $10 million to resolve a lawsuit by shareholders of drugmaker Wyeth, who claimed they lost money because the fund engaged in insider trading in Wyeth's stock.

Pep Boys says Icahn could further sweeten offer

(Reuters) - Pep Boys - Manny Moe & Jack said investor Carl Icahn was willing to pay as much as $1 billion for the U.S. auto parts retailer to keep rival bidder Japanese tire maker Bridgestone Corp at bay.

Recovering oil prices lift European shares

LONDON (Reuters) - A fourth consecutive day of gains in oil prices helped lift European shares on Thursday, while an almost 1 percent fall against the euro this week took the shine off a strong 2015 for the dollar.

Best "Santa Rally" In 4 Years Ends With Lump Of Coal

Happy Holidays...

This is the best 'week before Christmas' since 2011... Did we pull forward all that hope-strewn Santa Rally meme?

Best week for stocks since the first week of October... A Total melt-up off Friday's OPEX lows

On the day an overnight dip was bought into the early close...

Seems like everyone and their pet reindeer was hedged...

And credit started to weaken notably...

The Fed Has Created A "Monster" And Just Made A "Dangerous Mistake," Stephen Roach Warns

Stephen Roach is worried that the Fed has set the world up for another financial market meltdown.

Lower for longer rates and the proliferation of unconventional monetary policy have created œa breeding ground for asset bubbles, credit bubbles, and all-too frequent crises, so the Fed is really a part of the problem of financial instability rather than trying to provide a sense of calm in an otherwise unstable world, Roach told Bloomberg TV in an interview conducted a little over a week ago.

To be sure, Roach's sentiments have become par for the proverbial course. That is, it may have taken everyone a while (as in five years or so) to come to the conclusion we reached long ago, namely that central banks are setting the world up for a crisis that will make 2008 look like a walk in the park, but most of the œvery serious people are now getting concerned. Take BofAML for instance, who, in a note we outlined on Wednesday, demonstrated the prevailing dynamic with the following useful graphic:

Perhaps Jeremy Grantham put it best: œ..in the Greenspan/ Bernanke/Yellen Era, the Fed historically did not stop its asset price pushing until fully- fledged bubbles had occurred, as they did in U.S. growth stocks in 2000 and in U.S. housing in 2006.

Indeed. It's with that in mind that we bring you the fo ...

U.S. Stocks Slip After Oil-Fueled Rally

U.S. stocks ended mostly lower Thursday, but posted their biggest weekly gains in more than a month as investors snapped up shares in some of the year's most troubled sectors.

Two-Year U.S. Yield Rises Above 1%

The yield on two-year U.S. government debt rose above 1% and approached a five-year high as investors shed holdings ahead of fresh debt supply in the coming week.

Junk Selloff Fails to Lure Buyers

Money managers are hesitant to dive into the riskiest debt as the sector remains volatile.

18 December 2015: ECRI's WLI Growth Index Unchanged Remaining Slightly In Negative Territory

ECRI's WLI Growth Index which forecasts economic growth six months forward - was unchanged and remains slightly in negative territory. This index had spent 28 weeks in negative territory, then 15 weeks in positive territory - and now is in its 19th week in negative territory.

Market Snapshot: U.S. stocks end lower, but book solid gains in holiday-shortened week

U.S. stocks close slightly lower on Thursday, but a rally during the previous three sessions left the main indexes with solid gains for the holiday-shortened week.

The Wall Street Journal: Stephen Breyer on the global challenges facing the Supreme Court

This Supreme Court must increasingly consider the world beyond our national frontiers, the Supreme Court justice writes.

Tech may prey on other industries in 2016

Tech executives say they are planning to pursue acquisitions outside the tech industry to keep up with consumer trends.

Summary of Economic Releases this Week

Real Time Economic Calendar provided by Investing.com.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Live Market

search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Expected Effects of Petitions to Improve the Monetary System
Energy and Falling Productivity
News Blog
Durable Goods New Orders Unchanged in August 2016
90% Rally In Sugar Prices Since Late 2015
U.S. Real Wage Growth: Slowing Down With Age - Part 2 Of 2
Infographic Of The Day: Four Tips To Grow Wealth
Early Headlines: Asia Stocks Down, Yen Rises, Oil Soft, Wells CEO Gives Up Bonuses, Trump Didn't Want To Embarass Clinton, US Asset Bubbles, US Crime Rates Falling And More
What is Democracy, Anyway?
Transcript Of Elizabeth Warren Questioning Wells Fargo CEO John Stumpf
Documentary Of The Week: Elizabeth Warren Indictment Of Wells Fargo
Clinton Wins Round One
Why Alzheimer's Research Is Failing To Hit Treatment Targets
Voters Still Distrust Both Presidential Candidates
What We Read Today 27 September 2016
How To Get People To Exercise
Investing Blog
Banks Of Absurdity
Investing.com Technical Summary 27 September 2016
Opinion Blog
Trump Stumped In First Debate With Clinton - Will It Cost Him?
Why All Banks Should Be Federally Owned
Precious Metals Blog
War On Cash Turns To $20, $50, And $100 Bills
Live Markets
28Sep2016 Pre-Market Commentary: Wall Street Flat Again This Morning, Crude Prices Rise, US Dollar Down And Prospects Are Dim To Cut Oil Output, GS Says Crude Prices Going Down No Matter What
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved