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Category Archives: European Central Bank

Major stock averages mixed ahead of FOMC meeting

Buy not on optimism, but on arithmetic. – Benjamin Graham After closing at a 52-week high of 2,119 on Wednesday, the S&P 500 fell about 1% during the last two trading days to end the week virtually flat. It looked like momentum would be enough to propel the benchmark index through the all-time closing high […]

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Stocks edge lower on weak May jobs report

Service to others is the rent you pay for your room here on earth. – Muhammad Ali The major stock averages ended the week close to the flat line as the weak May employment report almost certainly eliminated any chance that the Federal Reserve will raise interest rates at its meeting later this month. Based […]

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S&P 500 rises over 2% on strong economic data

What we learn from history is that people don’t learn from history. – Warren Buffett Despite increasing odds of a Federal Reserve interest rate hike over the next few months, stocks climbed more than 2% last week as economic data was better than expected. Investors have become more comfortable with the possibility of a rate […]

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S&P 500 edges higher despite renewed Fed rate hike fears

Everyone has the power to follow the stock market. If you made it through fifth grade math, you can do it. – Peter Lynch After declining for three consecutive weeks, the S&P 500 Index managed to eke out a modest gain last week despite renewed fears that the Federal Reserve may raise interest rates at […]

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Weak GDP growth, tech earnings send stocks lower

Commodities tend to zig, when the equity markets zag. – Jim Rogers Both the S&P 500 Index and the Dow Jones Industrial Average ended the week on a sour note and closed lower by more than 1% as several factors seemed to unnerve investors. The technology-laden Nasdaq Composite Index dropped even more as disappointing earnings […]

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S&P 500 advances despite weak technology earnings

Generally, the greater the stigma or revulsion, the better the bargain. –  Seth Klarman, American billionaire who founded one of the world’s largest hedge funds The S&P 500 Index came with 1% of eclipsing its all-time high set in May 2015 before fading later in the week on disappointing earnings from Alphabet (parent company of […]

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Stocks gain on bank earnings, Chinese economic data

Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it. – Peter Lynch Financial stocks led the major stock averages higher last week as bank earnings were better than expected and investors breathed a sigh relief after the release of economic data from […]

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S&P 500 rebounds on dovish comments by Fed

Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert. – Peter Lynch Dovish comments by Federal Reserve Chair Janet Yellen last week provided the impetus for stocks to resume their […]

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S&P 500 gains 1.1% on higher oil prices, ECB policy moves

We don’t have to be smarter than the rest. We have to be more disciplined than the rest. – Warren Buffett After rather dull and directionless trading last week through Thursday, the stock market sprang to life on Friday with solid gains following the European Central Bank (ECB) meeting on monetary policy. ECB President Mario […]

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S&P 500 posts gains on higher oil prices, economic data

It’s always said that the small investor doesn’t have a chance. And if they (people) so believe this theory that the small investor has no chance, they invest in a different format. – Peter Lynch Stocks posted gains for the third consecutive week as economic data continued to be better than expected and the price […]

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