Stocks have been under a bit of pressure following the downing of Malaysia Airlines flight MH17 over eastern Ukraine last week. The attack appears to have been launched by separatists using a Russia-supplied anti-aircraft missile. Russia flatly denies such claims, however, and instead insists the Ukrainian military was behind the downing. Read more about The Dog Days of Summer 07-21-14
Celebrations continue today in Germany following the nation’s exciting overtime victory against Argentina yesterday in the World Cup final match. Fireworks have lit up the skies of France today, too, as that country celebrates Bastille Day. Here in the United States, investors kicked off the week in a good mood as well, boosting share prices following the worst week in three months. Read more about A Firecracker Market: Lots of Noise, But No Real Bang
Investors found more signs that the U.S. economy is back on track in the June jobs report, released ahead of the Independence Day holiday. The surprisingly strong data showed a 288,000 increase in non-farm payrolls (and the figures for prior months were revised upward). The jobless rate fell to 6.1 percent during the month, the lowest level since September, 2008. Read more about The best in 30 years…so why don’t we feel better? 07-07-14
Investors closed the books on the second quarter today on an up note. After a dip in prices in the first quarter, which coincided with a pronounced slowdown in economic activity, stocks rallied in the second quarter on expectations for a rebound in growth, bringing the year-to-date return on the S&P 500 to better than 7 percent in the process. Read more about The BIS Offers a Stern Warning 06-30-14
Last week’s market action, which culminated with a record-high close for the S&P 500, was a reflection of the improving market data and an indication from the still-dovish Fed that its easy policies are here to stay for the foreseeable future.
Read more about Fed Not Worried About CPI Above Its Target 06-23-14