June 19, 2017: Markets opened higher Monday as tech and healthcare stocks carry the day. Th energy, telecom, and utilities lagged on Monday. No significant economic news was released today nor is any expected until Wednesday’s reports on existing homes and crude oil inventories. WTI crude oil for July delivery settled at $44.20 a barrel, down 1.2% for the day. August gold dropped....More>>>
June 22, 2017: Markets opened slightly higher again Thursday, with all three major indexes turning positive after a short visit into the red and then remaining positive for the rest of the session before dipping to the break-even line again shortly before the close. Healthcare was the best-performing sector, likely due to the Senate Republicans’ version of a bill to replace the Affordable....More>>>
May 23, 2017: Markets opened higher again Tuesday but have not moved much higher as the session went on. The blue chips performed best with particular strength in financials. Tech stocks and consumer discretionaries are on track for a down finish. WTI crude oil for July delivery settled at $51.47 a barrel, up 0.7%. June gold dipped 0.5% for the day to settle at $1,255.60. Equities were....More>>>
Today, I (Porter) am going to introduce a new financial term... I've been thinking about this a while... it's a term that describes the modern economy's fondness for central banks, paper money, huge debts, and financial bubbles. I call it the "Escher Economy." &nbs
The Nasdaq trade unwound some on Friday. From the peak Friday morning in the futures of 5,898 the tumble started around 11:00 am, falling to as low as 5,660. That's 238 Nasdaq futures points or 4% - quite a sharp move.
Remember, it seems like an overdone trade (driven by the big tech stocks
How much are you putting away for retirement? And is it enough? On average, Americans participating in defined contribution plans—such as 401(k)s—are socking away only 6.2% of their income every year, according to Vanguard’s “How America Saves 2017” report.