Economy Traders were greeted with a sea of red on Monday after 61% of Greeks voted ‘No’ in a referendum asking them to accept an international creditor proposal that would have included more austerity reforms. A couple of emergency meetings … Continue reading
Economy U.S. job growth likely cooled a bit in June after reaching a five-month high, but still-healthy hiring could suggest the labor market is strong enough to support an earlier Fed rate hike. Economists estimate that non-farm payrolls rose 230,000 … Continue reading
Economy As market participants get ready to start the third quarter, analysts, investors and economists are all pondering the same question – where will stocks go from here? The S&P 500 finished Q2 with a decline of 0.2%, its worst … Continue reading
Economy Greece is just hours away from defaulting on a loan from the IMF, setting the stage for a tense showdown with international creditors ahead of a national referendum that will likely decide its eurozone membership. Reports earlier suggested European … Continue reading
Economy Stocks are plunging across the globe as Greece looks set to default on tomorrow’s debt repayment and the reality of a Grexit hits the markets. With emergency aid to the country frozen, Athens has imposed capital controls to halt … Continue reading
Economy Today’s economic calendar: 10:00 Reuters/UofM Consumer Sentiment China’s $8.8T stock market has plunged from first to worst on global performance rankings as leveraged speculators unwind their positions and a growing number of analysts warn that valuations have climbed too … Continue reading
Economy Following fruitless all-night talks, Greece and its creditors resumed debt discussions in Brussels this morning, aimed at preventing the country from defaulting on its loans and exiting the eurozone. Reports earlier suggested that Athens had until 5 a.m. ET … Continue reading
Economy Most analysts agree the U.S. economy is rebounding from a weak first quarter, and today’s final GDP will likely offer more evidence that forecast is turning into reality. First-quarter GDP, reported at 8:30 a.m. ET, is expected to have … Continue reading
S&P e-mini rallied in Monday’s session reaching measured target of 2121.00 before stalling and consolidating the day’s gains. Market on Close sell imbalance was easily absorbed as shorts were pressed to cover lower sales. Today is Cycle Day 2 (CD2)…Two-thirds … Continue reading
Economy There are positive-minded people that say “Hope Springs Eternal”…Others say: “Hope is Not a Strategy”. Regardless of what viewpoint you may closely align to, stocks and bonds surged around the world on news of Greece’s last-ditch package of proposals, … Continue reading