The Intrade market (www.intrade.com) is predicting that McCain has a 58% probability of winning Florida and that Romney has a 47% probability of winning, and both are showing positive momentum on the day.
Most investors are expecting another cut to the Fed Funds Target when the Federal Open Market Committee meets tomorrow. The debate has been whether it will be a cut of 25 or 50 bps. Here are some recent trends and facts on the Fed and the Fed Funds rate as well as a look at how the market performed the last time the Fed went into an extended phase of easing:
As Darren Rovell pointed out, the market historically has outperformed when an original NFL team wins the Super Bowl and lags when an orginal AFL team wins. We decided to look at the market's performance of AFL / NFL teams as well as the current AFC / NFC split. Either way you slice it you gotta say GO GIANTS!!!!!!!
It looks like the Nikkei 225 has been beaten up the most since hitting its highs in July. The Dow has weathered the storm better than most major global indices in both YTD and fall from its high in October.
With the big swings in the market, we thought it would be interesting to see where the S&P Sectors stand from last year's highs. As expected, the defensive Consumer Staples and Health Care sectors have held up better than the bludgeoned Financial sector.
With Apple's (AAPL) disappointing announcement, the NASDAQ was set to open heavily toward the downside. On the openeing bell, the Nasdaq opened down ~65 points or almost 3%. The last time the NASDAQ opened down over 60 points was on Sept 21, 2001 after the 9/11 attacks. The NASDAQ opened down 75 points or 5% that day. The largest drop on the open was one year earlier when the NASDAQ dropped 212 points on the open. More...
The Fed surprised the world today when it cut the Fed Funds Target by 75 basis points to 3.50%. Many are expecting another cut when the Fed meets again at the end of the month. Since 1984, the Fed funds rate has never been lowered (or increased) by more than 100 basis points in a single month. The Fed cut the rate by a combined one point within one month only three times before, in October and November of 1984 and again in January of 2001.
Our market specialists dig deep into Wall Street’s daily metrics, crunching the numbers to help you become smarter about the market so that you can make better investment decisions. By The Numbers details the daily drama, the winners and losers, how the day stacks up historically, and how the numbers can offer a glimpse of the future.
Andrew Laffoon, Mixbook CEO, discusses how mobile app "Mosaic" lets users create photo books and explains what differentiates their app from competitors like Shutterfly. Lafoon also comments on Mixbooks plans for going public.
Monday, 2 Dec 2013 | 10:33 AM ET
Moelis & Co. founder and CEO Ken Moelis, discusses the current M&A environment, as well as regulatory conditions. He says regulations "will continue to pressure people who want to have one-on-one relationships with their client undisturbed by some of the oversight that's meant for balance sheets."
Friday, 6 Dec 2013 | 1:47 PM ET
Discussing fast-food workers' push for a $15 minimum wage, and the burden to small businesses, with William Rodgers, Rutgers University public policy professor, and Republican strategist Joe Watkins.