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The Bear Roars Some More – 01/20/16

Stocks are dropping this morning, as oil prices sink another 3% and have traded below $28 per barrel, hitting lows not seen since September 2003.  The S&P 500, and Nasdaq remain in correction territory after closing flat yesterday in a volatile session. The S&P 500 is just above the August 2015 correction low of 1,867….

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China Sees Growth – 01/19/16

U.S. stocks are sharply higher this morning, after Chinese stocks gained 3.2% last night. Data shows the Chinese economy grew at 6.8%in Q4of 2015. For 2015, China’s growth slowed to a 25-year low of 6.9%. The world’s second-largest economy continues to shift away from its manufacturing roots. (CNBC) Bank of America reported a 9.8% rise…

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Sell-off Renews – 01/15/16

Stocks are much lower this morning as oil is tanking, following yesterday’s rally on Wall Street. The S&P 500 and Nasdaq are in a correction territory, down more than 10% from last summer’s high. Asian stocks ended sharply lower overnight, erasing early gains. Chinese stocks lost 3.5%, moving into a bear market, down more than…

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Earnings Season Kicks Off – 01/14/16

Almost $3.2 trillion of paper stock market value has been lost around the world since the start of 2016. U.S. stocks are off $1.77 trillion, while overseas stocks are down $1.4 trillion. But remember these are only paper losses until you actually push the sell button.  If you have a long-term time horizon and own quality…

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Is This Our Bounce? – 01/13/16

U.S. stocks are higher this morning, putting the S&P 500 on track for a third day of gains, and the Nasdaq for a second straight positive day after breaking an eight-session losing streak. (CNBC) A sharp drop-off in home loan activity over the holidays was clearly a blip. Mortgage application volume increased 21.3% last week….

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Time for a Rally? – 01/12/16

European stocks and U.S. futures are sporting solid gains after the Shanghai Composite managed to squeeze out a 2/10% advance in a volatile session overnight. The Q4 earnings season is underway after Alcoa last night reported mixed results. Still to come this week are Intel, JPMorgan, Wells Fargo, and Citigroup, among others. (SA) The China…

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