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The oversupply of oil and oil tankers and the decrease in energy demand is leading to hard landing for oil tanker rates over the next couple of quarters.[More...]
Standard & Poor's 500 Index futures expiring in December dropped 8.8, or 0.7 percent, to 1,243.2 at 8:40 a.m. in New York. Dow Jones Industrial Average futures fell 65, or 0.6 percent, to 11,382, and Nasdaq-100 Index futures slipped 7.25, or 0.4 percent,[More...]
WITH RESPECT TO THE US’ GDP GROWTH, THE NATIONAL BUREAU OF ECONOMIC RESEARCH SEES A SIGNIFICANT DECLINE IN ECONOMIC ACTITIVY SPREAD ACROSS THE ECONOMY, WHICH WILL LAST MORE THAN A FEW MONTHS - WSJ - According to Robert Hall, economist at Stanford University, US economic data that has been reported provide (...)
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Market Close Live for Tuesday 8/08/06
Topics covered today:
1) Market Wrap - Fed pauses and market falls
2) The Fed decided to leave rates unchanged at 5.25% after 17 consecutive rate hikes
3) After an initial rally the major indices close down for the third straight session
4) What investors need to do now the Fed is done...
5) 4 Sectors and stocks that have potential now!
6) Stocks and ETFs mentioned: PBJ, DA, K, GIS, CPB, PEP, WAG, CVS, GMR, OMM, NAT, ETR, CSCO, XAU
7) "Market Close Live" IS NOW available as a "PODCAST" for those who have MP3 player. If you are interested in learning how to get "Market Close Live" on your MP3 player please email info@pennfinancialgroup.com.
***** TO GET YOUR STOCK/MARKET QUESTIONS ANSWERED YOU CAN EMAIL THEM TO: info@pennfinancialgroup.com
