Financial stocks were the biggest gainers of yesterday’s trade. Many of the big bank stocks traded in the green and gained as markets closed yesterday. Federal Reserve announced its decision on the interest rate matter and markets reacted to it. Sentiment-ridden stocks in the country saw a big jump as S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite headed in the south, at least for a brief period of time. Uncertainty in the markets took majority of the stocks in its folds, but the spotlight fell on financial stocks that continued to head north.
That is the topic of my latest Bloomberg column, here are parts of my analysis:
The upshot is that the possibility of conflict of interest will impose the biggest problems for those areas where a president’s legitimacy and credibility are most important, and also where the president has the most unilateral power. Those factors point to foreign policy as the most significant trouble area.
Domestic corruption is wrong, but I find it less worrying in practical terms, for instance:
NEW DELHI: In a November survey of global fund managers conducted by Bank of America-Merrill Lynch, 22 per cent of the participants had perceived a disintegration of the EU and bank default as the second biggest tail risk to global equities.While Asian markets' response to Italian Prime Minister Matteo Renzi's resignation following an adverse verdict in Sunday's constitutional referendum was a bit muted, experts believe it could set the stage for another Brexit-like situation.The 'No' vote in the referendum seeking more powers to Italy's Lower House, Chamber of Deputies, is set to create polit
WASHINGTON: An unexpectedly bleak May jobs report has suddenly muddied the outlook for the U.S. economy.
Until this week, the Federal Reserve had seemed poised to raise interest rates perhaps as soon as June 15, a sign of confidence that the economy was strengthening after struggling just to grow early this year.
Any such certainty vanished at 8:30 a.m. Eastern time Friday.
That was when the government reported that employers added a scant 38,000 jobs in May _ the fewest since 2010 and far less than economists had expected.
Where the global economy may or may not go, what the Federal Reserve and other central banks may or may not do, whether “Abenomics” in Japan works – all fodder these days for those who expect volatility to come back to the financial markets.
By Joseph Poma:After gaining market share and seeing sales in January increase more than 7% recently, Ford (F) stock steadily rose until it fell just shy of $13/share. Of recent the stock has fallen, along with the market as a whole, on the heels of political unrest in Greece. This pullback represents an opportune time to open, or add to, a position in Ford.
By Dividendinvestr:We analyzed the stocks which have been recommended by Cramer on Mad Money during the last 30 days. We don't think we have heard the end of the European debt crisis yet. As such, we prefer investing in Cramer's fundamentally strong stock picks. Using the stock screener at finviz.com, we picked the stocks with the lowest PE ratios and the low debt ratios.