Paul Dykewicz
Romney Focuses on Policies to Create Jobs, Spur Growth
The second presidential debate that took place last night showed a feistier President Obama than in the first debate, with challenger Mitt Romney focusing his remarks squarely on policies aimed at growing jobs and the economy. Certain pundits have given the president good marks for holding out the promise for better days ahead and attacking his opponent as untrustworthy and out of touch with most Americans, but Gov. Romney might have made the best pitch at swaying undecided voters who ultimately may cast their ballots to aid their pocketbooks and job creation.
European Central Bank President Once Again Assuages Economic Worries and Aids Markets
European Central Bank (ECB) President Mario Draghi gave further support to the markets Thursday when he said that he was prepared to move forward with his previously announced plan to buy the bonds of fiscally challenged euro-zone countries such as Spain that otherwise would need to pay increasingly high interest rates on the open market. The implications are huge for investors, since the run up in equity markets in recent months has been spurred by central banks cutting interest rates and pursuing other monetary-policy easing measures. Without the intervention of central banks, the markets are vulnerable to a fall due to economic slowdowns in countries around the world.
Fed Fuels Market with Latest Quantitative-Easing Decision
A much-anticipated decision by the Federal Open Market Committee (FOMC) to launch a third round of quantitative easing (QE3) today buoyed the markets but leaves unclear what other potential catalysts may exist to keep equities rising. The Fed’s announcement that it will buy additional mortgage-backed securities at a pace of $40 billion a month indefinitely should help […]
Tech Stocks Push the Dow and S&P 500 Down Slightly
Weakness with giant technology company Apple Inc. (AAPL) today helped to pull the Dow Jones Industrial Average down this afternoon from a morning rise to finish trading at 13203.58. That dip kept the Dow from hitting its highest closing in the past five years. Earlier today, investors were speculating that the Dow Jones might close […]
Debt Concerns in Europe Cause Dip in the Markets
Concern about the mounting European debt crisis spurred selling this morning and caused the U.S. stock market to finish down slightly for the day. The Dow Jones Industrials, the S&P 500 and NASDAQ all regained some ground later today, as Apple Inc. (AAPL) jumped more than 2% to become the world’s most valuable stock ever. […]
German Government Debt is Europe’s Surprising Safe-Haven Investment
This week has provided investors with several important developments in Germany that are worth pointing out to show the seriousness of weak economic conditions in Europe. Germany, with the strongest economy in Europe, issued new bonds Monday, Aug. 13, that are proving to be the ultimate safe-haven investment as buyers accept negative interest rates. The […]