Monday was yet another up-day for the S&P 500 Index as it reached 1704.95, narrowly missing its all-time high of 1709.67 set in August, but the index closed at 1697.60, up +0.57%. The Dow was also up, +0.77%, but the Nasdaq fell -0.12%

The day’s strength was chiefly attributed to a combination of Larry Summers stepping aside as the likely nominee for the new Fed chief and the signing of the agreement between Russia and the US on a method to require Syria to turn over its chemical weapons to the international control. Summers had been under fierce opposition even from Democrats, after being favored by President Obama.

david / Tag: BRLI, RJET, CECE, MEI, Larry Summers / 0 Comments

Uncertainties Cloud Market's Progress

We still don’t know what the market wants or what it will get. The market continued inching ahead, up about +0.40% over the last 5 days, but it was down sharply this morning for a loss today.

david / Tag: BAC, BRLI, C, GTAT, TEO, WDC / 0 Comments

Back into the Abyss. Now What?

By David Brown, Chief Market Strategist, Sabrient Systems

The last several weeks have brought a steady flow of small but important improvements in the domestic economy (see summary below), but investors have shunned risk, keeping the markets spiraling downward.

david / Tag: ARLP, BRLI, CAP, JBL, VXX / 0 Comments