Author: Scott Hoffman

Stocks are higher, taking back yesterday’s late dip.Earnings are cited for the decent tone.Q2 GDP is out at 7:30, I’ve seen two “consensus” estimates-one showing -0.7%, one saying -1.5%.GDP is the big...

Stocks are higher after Chinese monetary officials said they won’t implement credit quotas this year.Fears of tighter Chinese monetary policy knocked world stock markets down; last night’s comments mollified...

Chinese stocks dropped last night.After rising 7% in the last five days, Shanghai stocks fell 5% last night on thoughts that the central bank may rein in liquidity to prevent a bubble.Shanghai has risen 79% this year, and...

Stocks are lower; earnings concerns are weighing.The companies that have been posting good earnings have been doing so by cost cutting, not sales expansion, that’s not the recipe for sustainable growth.Today we had the...

Stocks are unchanged; there wasn’t really any news overnight.Earnings reports haven’t seen any real bombs, and more companies seem to be comfortable giving forward guidance.Guidance means that corporate executives...

Stocks are a shade higher, shaking off poor earnings reports from Microsoft and Amazon.Today we get the Univ. of Michigan consumer sentiment survey at 8:55.In addition Bernanke and Geithner both are testifying before Congress...

Stocks are higher; EBay and Ford had good earnings reports. Earnings have been a bit of a positive so far; especially that banks’ earnings haven’t been a disaster.Otherwise, there wasn’t much in the way of news...

Morgan Stanley and Wells Fargo posted disappointing profit results; this outweighed yesterday’s good report from Apple.Overnight there were news stories that Chinese investors are rushing to open stock trading accounts to...