Weekly Market Update – Southwest Michigan
Markets were driven largely by earnings news each day this week. U.S. Stocks had slight gains with the Nasdaq Index leaping on Friday based on earnings news. Gross Domestic Product for the third quarter came out on Friday showing good growth. The European Central Bank announced that it would extend bond purchases for the first […]
Weekly Market Update – Southwest Michigan
While the Dow 30 industrials had substantial gains last week, the broader S&P 500 saw much more modest gains and the Nasdaq was largely unchanged. Foreign stocks were generally lower. Treasury yields rose. The dollar finished slightly higher against most currencies and commodities were generally lower. The IRS announced it is increasing the limit for […]
Weekly Market Update – Southwest Michigan
This past week, the Nobel Prize in Economics was awarded to professor Richard Thaler. Thaler basically showed that we as human beings behave very irrationally when it comes to finances. We are basically a nation of procrastinators rather than a nation of portfolio managers. He predicted that given a choice to start contributing to a […]
Weekly Market Update – Southwest Michigan
US Stocks had substantial gains this week and foreign stocks were up modestly. Treasury yields and the dollar rose while commodities were generally lower. In the numbers, this week: The Institute for Supply Management’s Manufacturing PMI index rose to 60.8 in September up from 58.8 in August, its highest reading since May 2004. Anything over […]
Weekly Market Update – Southwest Michigan
Large company U.S. and foreign stocks had small gains this week while small company stocks had significant gains and emerging markets stocks had small losses. Treasury yields rose modestly higher as the Fed’s upcoming unwinding of their balance sheet starts in October. Crude oil prices rose and gold fell. In the numbers, this week: The […]
