Investing.com Weekly Wrap-Up 04 October 2013
by Investing.com Staff, Investing.com
U.S. stocks gain as market looks past shutdown jitters; Dow gains 0.51%
U.S. stocks rose on Friday as investors locked in expectations for a fiscal impasse in Congress and accompanying government shutdown will be temporary and eventually give
way to more robust recovery as the year comes to a close.
The government shutdown entered its fourth day on Thursday. At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.51%, the S&P 500 index rose 0.71%, while the Nasdaq Composite index rose 0.89%.
What We Read Today 04 October 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list describes how to maximize social security benefits for bith spouses ........ and the last article discusses the recent decline in gasoline prices.
Market Commentary: Markets Close Up For The Weekend, Caution Advised
Closing Market Commentary For 10-04-2013
Markets melted up all day on low volume and settling in a zone previously visited 2 sessions ago, but did not reach those highs and that includes the small caps.
Market strength was obvious in today's session, but the partial US government shutdown and continuing debt worries are keeping this market place at bay. It wouldn't take much to drive Mr. Market off the cliff, investors need to remain vigilant.
Market Commentary: Congress In Holding Pattern As Is The Markets
Midday Market Commentary For 10-04-2013
Same 'ol, same 'ol in Congress. Markets are plowing along nicely, but going nowhere. Boehner says, 'This isn't some game' and he has no intentions of 'rolling over' on spending, so we might as well catch the next train out of the city and enjoy the weekend.
Historical Echoes: A Central Bank by Any Other Name Is Still . . .
by Amy Farber - Liberty Street Economics, Federal Reserve Bank of New York
Perhaps you enjoy being read to out loud. Perhaps you enjoy being read to on subjects related to central banking. Perhaps you would enjoy being read the Wikipedia entries for central banks around the world. If so, and your reader was to read the following beginning sentences for central bank entries, you would hear:
The central bank of Trinidad and Tobago is the central bank of Trinidad and Tobago . . . . The central bank of Yemen is the central bank of Yemen . . . . The central bank of The Bahamas is the central bank of The Bahamas . . . . The central bank of Jordan is the central bank of Jordan . . .
27 September 2013: ECRI's WLI Growth Unchanged
ECRI's WLI Growth Index was unchanged, and remains positive. A positive number predicts positive growth to come within the next six months. Also, ECRI released their inflation gauge which is discussed below.
Small Drone Crashes In NYC
On Wednesday, a private drone crashed on the streets of the Big Apple, nearly hitting a pedestrian, who quickly grabbed the memory card from the drone and turning it over to a local news station, to find the origins of the UAV.
Market Commentary: Markets Move To Positive Ground After Slow Start
Opening Market Commentary For 10-04-2013
Premarkets were up to about midday in yesterdays session and no government financial reports this morning because of the partial US government shutdown. Markets appeared to be stalled at, or near, the support lines drawn back in early September.
Markets opened flat and mixed with indicators waving bullish flags for any investor willing to gamble a few quid. By the 15 minute mark the averages seemed to want to surge upward but were being held back by the innocuous 'Black Energy' that surrounds us. By 10 am the numbers were in positive territory, but moving sideways.
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Day 4 of Government Shutdown - Jobs Report Guess From Econintersect
Econintersect: For day four of the government shutdown, the data casualty is the Bureau of Labor Static's (BLS) jobs report. There continues to be no light in the tunnel so one could understand if progress to end the shutdown was occurring. Econintersect provides insight into what it could have said.
Housing: Bubble Collapse Will Return
by Keith Jurow, Capital Preservation Real Estate Report
In mid-September, a CNN Money headline reassured investors: Our Long National Foreclosure Nightmare Is Over. Sounds great! Now we can finally relax and be glad that Henry Paulson, the Fed and the Big Bankers saved us from the apocalypse.
Trade in the Best Zones
Online Trading Academy Article of the Week
Are You Getting In Too Far Out On The Curve?
by Rick Wright, Online Trading Academy
Hello traders! As I write this week's article I am enjoying the late stages of a hot Texas summer. We are still having highs in the mid-90s (Fahrenheit), with most of us wishing fall and winter would hurry up and get here. I have several friends and relatives who live out in Colorado, and so far parts of that beautiful state have skipped fall and have already had snow. Welcome to winter!
Looking at a few charts, I am drawn to a question that often comes up in our Online Trading Academy classes: Is it still too late to join this move?
Global Growth at 18-Month High
Econintersect: The JP Morgan / Markit Global All-Industry Output Index expanded for the 50th consecutive month in September and, in the third quarter, the JP Morgan All-Industry PMI hit the highest growth rate since the beginning of 2012. September did see a slowing of monthly rate of growth for some key factors.
Investing.com: Technical Analysis 03 October 2013
Investing.com Technical Analysis (as of Thu, 03 october 2013 05:00pm EDT)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and
currency pairs, based on market activity at the close of the 03 October 2013 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
Another Milestone
Econintersect: Global Economic Intersection has reach another milestone: For the first time ever the site has achieved a 3-month traffic ranking among the largest 20,000 websites in the U.S. The traffic reading during the day yesterday from Alexa, an Amazon subsidiary, was a rank of 19,608.
220 Years of U.S. Interest Rates
Written by John O'Donnell, Online Trading Academy
The pattern of interest rates over the history of the U.S. from 1790 to date have displayed a repetitive pattern of increases and declines. I discuss that history and what it implies for the future in my Video of the Week.
Click through Read more >> to view video.
Windows Phone is Doing Quite Well in Europe
by Felix Richter, Statista.com
Windows Phone isn't quite dead yet. Devices equipped with Microsoft's smartphone operating system accounted for almost ten percent of smartphone sales in the five largest European markets between June and August.
Fed's Balance Sheet 02 October 2013: Record Growth Continues
Total Fed Balance Sheet
Fed's Balance Sheet is $3,703 trillion (up from the last week's record $3,690 trillion). The complete balance sheet data and graphical breakdown of the cumulative and weekly changes follows the "read more".
Read more >>
Infographic of the Day: Higher Education from AACSB
As you probably know, more professionals are pursuing higher education and advanced degrees in order to keep up with today's evolving business environment. Today's infographic from Howard University Online Executive MBA describes the Association to Advance Collegiate Schools of Business (AACSB) internationally accredited programs.
