U.S. 2nd Quarter GDP came in this morning better than the street expected and underlined the fact that the U.S. economy was temporarily derailed by an intense winter across the country.
See the attached chart and spike on the DXY from the Fed announcement which came in much more hawkish than traders had expected.
I didn’t know the U.S. Government was in the business of investing in or advising on the stock market.
Good Morning Emerging Money Readers. This morning I want to review the White House comments about trading the Russian market. I want to provide you with some if thoughts and how we trading it.
Continuing our look into the components inside Apple’s (AAPL, quote) latest version of the iPad, we ran quick vitals screen and one of the companies that stood out was Broadcom (BRCM, quote). Granted, Qualcomm (QCOM, quote) also plays a big role in the iPad, but appears to fairly valued at this point in time. On the other hand, BRCM — which supplies the networking, Bluetooth and the FM transceiver in the iPad — could be worth a look on a pullback.
Welcome to the 2:30 ET emerging markets heat map. The markets are continuing to be mixed ahead of the FOMC meeting with little change in the global markets. BUD 1.71%, UN 1.40%, KO 1.17% within the Emerging Money Global Index are higher, while the index is showing additional green on the map suggesting some additional strength into the close.
Today’s twists and turns on Wall Street came about as traders reacted to yet another day of negative headlines surrounding Europe’s sovereign-debt crisis and fled to the safest sectors out there.
The Federal Reserve’s plans to push down long-term interest rates may open an opportunity for investors in apartment-building real estate investment trust ETFs to see a profit.
For nearly a decade, Argentina has been isolated from international capital markets after declaring the largest sovereign debt default in history. But now the country is re-emerging.