Gina Francolla is the Senior Producer of Quantitative & Market Data Services at CNBC.
As we move towards the critical Texas and Ohio primaries on March 4th, public opinion polls are showing that Clinton is losing ground against Obama in Ohio and Texas, and Obama is on a roll with 11 straight primary victories.Clinton went on the attack last night, early and often in the debate at Cleveland State University in Ohio. Did her aggressive behavior help her with the Intrade prediction markets (www.intrade.com)?
Do the grim economic reports point the U.S. economy towards stagflation? The markets seem to be shaking them off...Today the producer price index (PPI) monthly report showed that producer price inflation surging in January to 1.0%, and that the core rate, ex. food and energy also firmed at 0.4%. The year-over-year PPI is at 7.7%, up from 6.5% in December, and is at the highest rate since September 1981.
For the short week ending Friday, February 22, 2008, it was hard not to get whiplash. The Dow and the S&P managed to turn in a positive performance for the week with a stunning late-day reversal on Friday, led by news of a bail out for Ambac Financial (ABK). The NASDAQ approached October 2006 lows, but ended Friday positive for the day, and down only slightly for the week.
For the week ending Friday, February 15, 2008 the major US Indexes ended slightly positive. The markets began the week with a rally on better than expected retail sales, but glum remarks by Bernanke on the economic outlook, weak manufacturing data, consumer confidence at a 16-yr low, and rising oil prices contributed to the week ending on a sour note.
Now that Obama has won his 9th and 10th consecutive primaries in Wisconsin and Hawaii, will Texas be Hillary Clinton's last stand? The Intrade prediction markets (www.intrade.com) are showing an erosion of support for Clinton in both Texas and Ohio, and positive momentum for Obama to win the overall Democratic nomination.
Investors hungry for yield have latched on to "the Dogs of the Dow" strategy, which pays off more often than not.
U.S. stocks are on track for eight quarters of consecutive gains—the longest winning streak in 16 years.
Three sectors have managed gains of more than 20 percent in 2014, while two others are lagging badly.
The Dow Jones industrial average has historically taken an average of about 32 months to jump from one thousand-point mark to the next.