Chris Versace
PowerTrend Brief: Searching for Dividends and Yield Amid Global Uncertainty
With global economic data of late either confirming slower growth ahead or suggesting the growth ahead is even more plodding than many thought just a few months ago, many investors are doing a number of things in response. Those actions include revisiting existing short positions and assessing the impact of slowing growth forecasts on company […]
PowerTrend Brief: No Answers on Greece and Further Slowing in May Drive Market Volatility
This past week was a disappointing one in terms of economic data and market returns. Of the more than 15 global economic data points released in the last few days that covered housing, employment, domestic and foreign purchasing managers’ indices, and personal spending, the vast majority pointed to a slowing global economy. My analysis is […]
Chris Versace: Economic Data Raises Concerns
Chris Versace offered his views about economic developments during the past week in an audio interview. He addressed the European banking situation, housing weakness in the United States, slow job growth, rising consumer loan delinquencies, and the likelihood that investors would tend to stay on the sidelines rather than take big risks as the U.S. […]
PowerTrend Brief: No Answers on Greece and Further Slowing in May Drive Market Volatility
The turbulence that began as we entered the current quarter turned into a relatively steep drop in the first half of May amid uncertainty in Greece and economic slowing. That situation continued during the last week with the S&P on track to fall 3% as the key issues in the last few weeks — Greece […]
PowerTrend Brief: The Greek Drama Continues amid the Growing Roar over the U.S. Fiscal Cliff
This week, I attended The Money Show in Las Vegas, met with many of you during my presentations and fielded a number of well-thought-out questions. While there was some talk of Facebook’s initial public offering, a sense of caution about the near-term direction of the stock market was in the air as many of you, […]
PowerTrend Brief: Slowing Growth and Rising Uncertainties Abound
This week, the stock market fell under the influence of concerns that, for the most part, are not new ones, but rather ones that simply have been renewed. I’m referring to last Friday’s disappointing April Employment Report, which marked the fourth consecutive month in slower job creation, a continued drop in the work force, and […]