Chris Versace
PowerTrend Brief: Souring Confidence and Earnings Set the Stage for Housing, Bernanke and More
Economic indicators are interesting because we assume that they are signaling the vector and velocity of the economy to us. By vector, I mean the direction, as in the vector of an airplane. Velocity refers to the speed or rate at which something is happening. Looking at the economic data presented during 2Q 2012 and […]
PowerTrend Brief: Slow Job Creation, Outlook Cuts and More Bad News Ahead
Friday’s job report, which simply was bad in many different ways in my view, capped a quiet week on Wall Street in terms of trading volume, if not data flow. To me, one of the most illuminating ways to look at the recent string of employment reports is to view them on a trailing quarterly […]
PowerTrend Brief: Insider Selling is a Telling Sign Ahead of Earnings
As we close out the second quarter of 2012 and get ready for the earnings onslaught that will begin soon after the July 4 holiday weekend, both professional and individual investors are looking for direction, especially following the dismal second quarter. I can safely say the recently completed quarter was a dismal one, for it […]
PowerTrend Brief: Surviving the Stock Market Storm
With only a week left in the current quarter, the S&P 500 is now up 6.2%, year-to-date, and well off of its April 2 peak of up 12.8%. Last week, a number of factors drove the Dow Jones Industrial Average down more than 75 points and the S&P 500 down more than 0.3%. These factors […]
PowerTrend Brief: What Greece Means for Stocks This Week
Last week, the stock market reversed three and a half days of declines as European Central Bank President Mario Draghi suggested the central bank may be ready to answer calls to ease monetary conditions in the euro zone. He spoke as risks to the financial system intensified and concerns spiked ahead of elections in Greece […]
Chris Versace: Data Shows Market Slowing
Listen to Chris Versace share his views about the market outlook with WTNT radio as data shows the economy slowing and corporations prepare to announce results for their June quarters.