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Rudd’s MarketView for Tuesday, August 15, 2017

Summary The major domestic equity indexes ended the trading day on Tuesday with little change as declines in Home Depot and other retailers offset upbeat national retail sales data. Home Depot ended the trading day down 2.7 percent and was the largest drag for both the S&P 500 and Dow Jones Industrial Average. Although the…

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Let’s Reconsider Coach

Streetwise for Sunday, August 13, 2017 On August 15, Coach will release the company’s fourth quarter and year end results. The company’s fiscal year ends at the beginning of July. This is a company that I wrote about several years ago, prior to it falling on some difficult times. The question now is whether the…

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Don’t Fear the Fear Mongers

Streetwise for Friday, August 11, 2017 An unexpected spike of anxiety in the continuum of world news will usually be followed by the words, “Equities are over-priced, the markets are too buoyant, a major correction is eminent, traders are not being prudent.” This will be followed up by a stream of rhetoric from people who…

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Rudd’s MarketView for Monday, August 14, 2017

Summary The major domestic equity indexes recovered nicely on Monday, from last week’s selloff, with the S&P 500 posting its largest one-day percentage gain since April. The primary reason was an easing of concerns that resulted from the bellicose behavior on the part of both the United States and North Korea. Government officials on Sunday…

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Rudd’s MarketView for Friday, August 11, 2017

Summary The three major domestic equity indexes ended the trading day higher on Friday, snapping three days of losses, as the Street came to the conclusion that there will be slower interest rate hikes, but gains were muted by increasingly aggressive exchanges between the United States and North Korea. Weaker-than-expected July consumer price data led…

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Rudd’s MarketView for Thursday, August 10, 2017

Summary The S&P 500 index ended Thursday with its largest one-day drop since May 17 as investors fled riskier assets in response to an exchange of threats between the United States and North Korea. Equities steepened their losses late in the session after President Trump said his earlier warnings to North Korea may not have…

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Rudd’s MarketView for Wednesday, August 9, 2017

Summary The major domestic equity indexes demonstrated a valiant effort to regain much of the ground lost on Tuesday, much of which came late on Wednesday as Wall Street did its best to brush off geopolitical concerns after falling in the wake of U.S. President Donald Trump’s “fire and fury” warning to North Korea. Bargain-seeking…

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Rudd’s MarketView for Tuesday, August 8, 2017

Summary The major equity indexes closed lower for the most part on Tuesday after a late afternoon selling spree as investors fled for safety after President Trump vowed to respond aggressively to any threats from North Korea. After scaling back from record highs earlier in the session, Wall Street’s three major indexes dipped after Trump…

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Saddle Up on Stryker (SYK)

Streetwise for Sunday, August 6, 2016 As an owner of many horses, probably too many, I relate to what Peter Lynch wrote in his 1989 best seller, “One Up on Wall Street.” He pointed out that the Greeks used to sit around and debate the number of teeth a horse has. Somehow, they thought that…

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Wall Street Is Not an Express Elevator

Streetwise for Friday, August 4, 2017 Investors continue to be tortured by seemingly conflicting forecasts over the direction of the Federal Reserve, Wall Street and the economy. If it will put your mind at ease, I will state unequivocally that no one can predict the future with any degree of accuracy. Moreover, you do not…

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