Three Uncertainties Are Driving the Markets
The financial markets have been focused on three uncertainties: the strong and rising value of the dollar vis a vis other currencies, weakening U.S. economic indicators, and the timing and magnitude of Fed policy actions. All this with a background of the ongoing Greek tragedy and continued political strife and terrorism worries. Volatility has resulted. […]
A look at fourth-quarter earnings
Earnings season is just getting underway and it looks like the stock market could use some good news. As I write this, the S&P 500 is down just over 2 percent year to date. Aluminum maker Alcoa traditionally kicks off the quarterly earnings season, and it reported better than expected earnings and revenue last Monday […]