S&P 500 futures popped about 7 points as the initial Q3 GDP showed growth of 3.5 percent, above consensus of 3.2 percent. Also helping: continuing jobless claims fell to their lowest levels in seven months. Read More
Futures drop on GDP; can "preliminary" numbers really be trusted? Good news! The decline in second quarter GDP was better than expected (down 1 percent). It's the fourth drop in a row (the longest since quarterly records began in 1947). So why did S&P futures drop about 5 points on the news? Read More
Despite the market rally, portfolio manager Harry Rady of Rady Asset Management said he remains “more bearish than he’s ever been” and is continuing to take chips off the table. And Greg Olsen of Lenox Partners said he expects a pullback soon. Read More
This is the time to buy into stocks, said Harry Rady, CEO of Rady Asset Management, and Lee Eugene Munson, CIO of Portfolio Asset Management. Read More