STTG Market Recap May 18, 2015


Indexes posted moderate gains Monday as a mixed morning led to afternoon buying; that is the pattern one wants to see. The S&P 500 gained 0.30% and the NASDAQ 0.60% as news flow was very light. For the year the S&P 500 is 3.4% higher and the NASDAQ is up 7.2% – but it has not been easy sledding in 2015. Fed Bank of Chicago President Charles Evans repeated his call to hold interest rates near zero until early 2016 at a speech in Stockholm.

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STTG Market Recap May 11, 2015


The very choppy action in U.S. indexes continued as markets didn’t build on Friday’s knee jerk reaction higher on the employment data. The S&P 500 fell 0.51% and the NASDAQ 0.20%. News flow was slow as retail sales and industrial production figures come out later in the week. The People’s Bank of China (PBOC) announced the cut in its benchmark lending rate and one-year deposit rates by 25 basis points on Sunday, as growth in the Asian economic giant slowed to levels not seen since the global financial crisis. This is the third cut in six months.

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