After a dismal end to last week, stocks
rallied at the market open yesterday as news of strict fiscal cuts in
Greece gave hope to a number of investors and analysts alike. "There was
some apprehension about it, but the fact of the matter is it was done,
and it's given some very real clarity to markets in terms of what kind of risk Greece represents to the market," said Peter Kenny,
managing director at Knight Capital in Jersey City, New Jersey. This
good news will hopefully keep Greece on the back-burner for the time
being, as a slew of key economicdata is slated to be released this week [see also Doomsday Special: 7 Hard Asset Investments You Can Hold in Your Hand].
[Related -Netflix, Inc. (NASDAQ:NFLX): Can Netflix Trump Amazon.com, Inc. With New Plans?]
[Related -Teradata Corporation (NYSE:TDC): Lower Cost Platforms Could Curtail Growth Rates]
One of the most significant reports will come from U.S. advance
retail sales, which will be detailed during today's trading session.
This report is a monthly measure of the sales of goods to consumers
around the country. As such, this statement comments on the consumer
spending sector and how willing citizens are to part with their
discretionary income. A higher figure is a good sign, as it means that
people are willing to spend money believing the economy to either be
strong or stable. A lower-than-expected figure could point to increased
saving and a lack of overall confidence in our economy.
Today's report is predicted to come in at 0.7%, a nice jump from
In this current era of central planning, malincentives abound. We raced to frack as fast we could for the read on...
The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a read on...
It was never supposed to be this daunting. At least that's what we were read on...
The Federal Reserve is widely expected to leave interest rates unchanged today. But perhaps standing pat read on...