1:10pm (EST) The bulls are pushing the market higher after getting some better-than-expected economic news which has helped relieve some of the euro tensions from this morning. The Consumer Price Index for November increased 0.1% after a 0.2% increase in the prior month. It had been expected to increase 0.2%Read more
9:00am (EST) All eyes were on the Fed Tuesday afternoon as the bulls were trying to extend their rally while the bears were hoping for a miracle. Like a broken record, the Federal Open Market Committee (FOMC) once again said it would maintain interest rates at their current record lowsRead more
9:00am (EST) The bulls went into Monday morning with little earnings or economic news but had a few catalysts that helped them push the market higher throughout the day. Although the gains were limited, the major averages did manage to hit multi-year highs on M&A news before a late-day pushRead more
9:00am (EST) Futures are pointing towards a higher open this morning after China did not announce an interest rate hike over the weekend. Most of the suit-and-ties on Wall Street had expected a rate hike and were relieved after China said that despite rising inflation, they would maintain a strongRead more
9:00am (EST) Although it’s not a done deal, the compromise backed by the President and Republican leaders on extending tax cuts led to choppy trading on Wednesday as bonds got crushed and the dollar gained strength. The bulls are arguing that a tax-relief package will stimulate economic growth in 2011 while the bears areRead more
1:00pm (EST) The market is bouncing around on both sides of the ledger today as the bulls try to push through resistance once again. There’s little economic news today so most of the action involves individual stocks. The bears seem content on holding the major averages under resistance following yesterday’sRead more
9:00am (EST) There was a bull stampede that started on Tuesday’s open as the market ran higher to start the session on news the Bush tax cuts were going to be extended. However, the bears were the first to cross the finish line after the Democrats waffled on signing off on the cuts whileRead more
