1:40pm (EST) Alcoa (AA, $8.22, up $0.28) and Yum Brands (YUM, $65.45, down $5.85) reported their numbers after the close yesterday to mark the unofficial start to the 3Q earnings season. While their earnings matter, we gave the kickoff title to Dow component JPMorgan Chase (JPM, $50.97, up $0.10) asRead more
9:00am (EST) The zombies took the bulls by the horn and drove the market in the dirt following another day of back-and-forth drama. The petty politics ended with a continued government shutdown and no signs of negotiations any time soon. The bears took advantage of another day of drama andRead more
1:30pm (EST) Futures were steady throughout the night and into the open this morning following Monday’s pullback and were showing a higher open. We were also hearing positive developments on the government shutdown leading us to believe some type of agreement could be in the works. The market opened higherRead more
9:00am (EST) Futures were showing a repeat of last Monday’s action into yesterday’s opening bell as the zombie shutdown entered its seventh vacation day with today being the eighth. The pattern played out much the same way as the bears once again pushed support but this time was a littleRead more
9:00am (EST) The cat-and-mouse, dog-and-pony show kicked into high gear last week as the government officially shut down for the first time in 17 years, The war of words between the zombies weighed on the market throughout the week with the recent trading range getting “stretched”. The bears did someRead more
9:00am (EST) The water-cooler talk is the government shutdown will last right up into the debt-ceiling deadline, or October 17, or 2 weeks from today. Other rumors floating include a grand bargaining deal that would knock out the budget battle, the debt-ceiling drama, and possible sequester cuts. We will skipRead more
1:00pm (EST) Futures were lower throughout the night as news spread the zombies might stay on vacation longer than expected. A quick resolution to the government shutdown does not appear to be imminent and could drag into next week or right into the debt ceiling debate. The President will beRead more
