- Sarah Palin responds to Martin Bashir’s resignation, praises media
- Obama to send 2 Gitmo terror suspects back to Algeria
- Paul Walker secretly bought $9K wedding ring for Iraq vet
- Mystery sign poster hits Washington state town: ‘It’s OK to say Merry Christmas’
- Pope Francis forms commission to advise on sex abuse
- Anthony Weiner on radio? Cumulus says, ‘Never, ever’
- Executive order: Obama ups green-energy mandate on feds to 20 percent
- GOP launches candidate training: How to talk to women
- N.Y.’s Rockefeller Center lights up, as Bloomberg flicks on 76-foot Christmas tree
- Northern Ireland turns to ‘Game of Thrones’ to draw in tourists
Latest Chris Versace Items
Normally when we enter a new month, investors both look back as well as forward to gauge what has occurred over the prior 30 days. Looking back, they take stock of the moves in the major stock market indices and any key announcements or events.
The stock and bond markets have been choppy and treading water since mid-September. The summer run-up, weak third-quarter earnings reaction to the Federal Reserve's decision to stand pat, the presidential election – not to mention a looming "fiscal cliff" – have investors wondering which way the markets will turn next.
As I predicted last week, this week was frenetic in terms of companies reporting their quarterly earnings, economic data for both the United States and abroad and, of course, the second presidential debate. While there were some positives, the overall picture continues to be mixed, with the manufacturing economy slowing and concerns rising over the technology economy following weak results from Intel Corp., Advanced Micro Devices and Google Inc., to name a few. The domestic housing market continued to improve in September, but will the stronger-than-expected housing market continue?
In last week's edition of "The Corner of Wall & Main," I previewed the September employment report by discussing several other indicators of job creation for the month.
At the place where the economy and the stock market intersect, there were three noteworthy events this past week.
Early this week, investors saw a modest jump in consumer confidence in September, according to the index compiled by the Conference Board. That brought good news, so-so news and even some bad news.
Most if not all investors in the stock market are concerned with picking winning investments. After all, they are spending time researching potential investments and paying trading commissions with the goal of growing their capital. Sometimes that capital appreciation happens quickly and other times it takes time for an investment to pan out. As tends to be the case, every so often it doesn't pan out at all. If you've ever met someone who has invested in stocks or you are that person, then you know that they like to talk all about their winning positions and prefer not to mention those that cost them.
The past five days have made for an interesting week. Tuesday marked the 11th anniversary of Sept. 11, a day of shock, horror, sacrifice and sorrow. A day that we Americans always should remember, no matter what NBC and “The Today Show” might think. (NBC broadcast a live interview with Kris Jenner, the mother of Kim Kardashian, instead of airing the Sept. 11 memorials that took place in New York, Washington and Pennsylvania). Wednesday marked the unveiling of the much-anticipated Apple iPhone 5, the latest and arguably the company’s greatest smartphone.
With the Fed eyeing unemployment in the country as a barometer on which to act, Friday's August Employment Report will be closely watched, prodded and dissected.