Home / stock market / morningstar : Stock Market Ends Higher After Solid Jobs Report But Snaps Weekly Win Streak

morningstar : Stock Market Ends Higher After Solid Jobs Report But Snaps Weekly Win Streak

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“Today’s jobs report is an affirmation of everything else we’ve been seeing on the data front.
The decline in oil prices accelerated Friday after active rig-count data showed an increase for the eighth week in a row (http://www.marketwatch.com/story/baker-hughes-data-show-us-oil-rig-count-up-by-8-2017-03-10).
A plunge in oil prices has made for a tough week, with the price now firmly below $50 a barrel for WTI crude .
For the week, the Dow finished down 0.5%, snapping a streak of four straight weekly gains.
The Dow Jones Industrial Average advanced 44.79 points, or 0.2%, to close at 20,902.98, with 23 of the 30 blue-chip companies finishing higher.

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S&P 500 Weekly Update: The Elusive Stock Market Pullback Remains Just That. Perhaps It Is Already Over – SPDR S&P 500 Trust ETF (NYSEARCA:SPY)

S&P 500 Weekly Update: The Elusive Stock Market Pullback Remains Just That. Perhaps It Is Already Over - SPDR S&P 500 Trust ETF (NYSEARCA:SPY)*/

Market SkepticsA good stock market rally wouldn’t be complete if it wasn’t accompanied by a good story about a catastrophic end.
– Steve JobsThe U.S. stock market has been on a steady climb higher since the November election.
It clearly indicated it is an issue that shouldn’t be viewed as everyone rushing into the equity market creating euphoria and market bubbles.
Many investors simply don’t trust the new administration and don’t trust the stock market at these levels.
Here is what my experience in the markets tells me about using the word euphoria when speaking about the equity market.

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Fed Hikes and Stock Market Returns

Fed Hikes and Stock Market Returns*/

View photosThe Fed Funds Effective Rate is now at its highest level since 2008, and will push higher again if the Fed meets market expectations.
Market participants are expecting the third Fed rate hike since December 2015 at next week’s FOMC meeting.
It’s just that one cannot make such a prediction based on the Fed Funds rate alone.
To qualify for the top decile over a one year period, the effective Fed Funds Rate would have to rise by at least 2.2%.
Which begs the question: is a sharp move higher in the Fed Funds rate a reliable warning sign of an imminent collapse?

collected by :Dicson Walt

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