Recapping Last Week’s Economic Data; Launching PowerTalk
By: Chris Versace (Diary) | December 9th at 06:47 PM |
The first five trading days of December delivered a mixed result for the major stock indices with the Dow Jones Industrial Average being the clear winner (up 1%), the S&P 500 essentially unchanged and the Nasdaq Composite Index down 1.1%. As with the prior week, one of the key drags on the Nasdaq has been Apple, Inc. (AAPL), whose shares dropped nearly 9% last week. | Read More »
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Xerox
The Unemployment Rate Doesn’t Show the Full Picture
By: Chris Versace (Diary) | November 4th at 08:48 PM |
Last week was a mixed week for Wall Street and the capital markets on a number of fronts. Thanks or rather no thanks to Hurricane Sandy, the North East faced billions of dollars in damages with New York and New Jersey heavily hit by power outages, gas shortages, fallen trees and damaged homes. The storm damage resulted in a shortened trading week for the capital | Read More »
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BLS,
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Is The Economy Moving Forward or Simply Stumbling?
By: Chris Versace (Diary) | October 29th at 10:01 AM |
Last week I wrote about the need to look beyond the headlines in order to have a more informed view on what is or is not going on with the domestic economy. Last Friday, we received the gross domestic product (GDP) figures for 3Q 2012 from Bureau of Economic Analysis, and once again the headline of 2% growth does not reflect what is really going | Read More »
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ADP,
BEA,
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