Succinct Summations of Week’s Events 9.30.16

Succinct Summations for the week ending September 30th 2016 Positives: 1. S&P 500 rose 3.5%, the 14th gain in the past 15 quarters. 2. Jobless claims came in at 254k, the 4-week moving average is down to 256k. 3.New home sales came in at an annualized 609k, above the 59k expected. 4. Consumer confidence came in…

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Wall Street Strategists Are Bearish (and that’s good news!)

Wall Street equity analysts sure are a gloomy lot these days. Based on the average estimate of forecasters surveyed by Bloomberg, they expect the Standard & Poor’s 500 Index to finish the year 1 percent lower than yesterday’s close. This is noteworthy because it’s so out of character. Most of the time —82 percent during…

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