Over the weekend, Peopleâ€™s Bank of China cut banksâ€™ reserve ratio requirement.Â This aggressive move reflects serious concern on the part of the Chinese government about the slowing economy. It is not news to investors that these days stocks often jump on intervention by central banks on worries about weak economy. Chinese action has stopped
KEY DATA: Here are some thoughts There were a lot of layoffs in oil and gas but these layoffs are slowing. There was significant impact of rising dollar, but lately, the strength in dollar has reversed. Bad weather contributed to the ugly number but the bad weather is behind us. The number is significantly below
The market finished 0.3% lower last week after going no where for the majority of the week. However, the market finished the month 5.5% higher. Last time we saw a monthly gain this high was in October 2011. This month we finally saw a stabilization in oil prices as they broke their weekly loosing streak.
The #SPX erased four days of losses in an strong up day today. Yesterday the bears were no able to push the market lower, below 1980 and today the bulls took control. Asian risk markets are expected to open positively this morning on reports of massive People’s Bank of China stimuli and receding fears of