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Global Market Wrap-Up

Mark Hanna is a private investor and financial commentator, best known as “TraderMark” on Seeking Alpha. He holds an economics degree from the University of Michigan and operates his own website called Fund My Mutual Fund. Considering him a kindred philosophical spirit, Euro Pacific Capital has commissioned Mark to provide daily updates on global markets.
U.S. markets posted some of their best gains in a month as stocks reacted positively to positive auto sales data and other economic reports. Ford reported its best retail sales month in seven years and an increase in its production plans for the fourth quarter. The S&P...
U.S. markets returned from holiday to positive news from Europe and China; this led to a sharp rally at the open. However as the day continued all those gains slowly evaporated and by mid day, indexes has returned to break even. A second rally of smaller proportion in the...
Volume continued to be very light ahead of the U.S. holiday Monday as investors shied away from the market ahead of potential news in the Middle East. Markets finished off their worst month of the year as the S&P 500 fell 0.32% and NASDAQ 0.84%. For the month the S&P...
U.S. stocks bounced a moderately in very light trading ahead of the long holiday weekend. The S&P 500 gained 0.2% and NASDAQ 0.75%. The 10 year Treasury yield fell slightly to 2.76%/ A better than expected 2nd revision to U.S. GDP helped lift markets off their early lows...
U.S. stocks bounced back a bit from Tuesday's heavy selling but most of the gains were focused in the energy sector which is being drive by the turmoil in Syria. As the end of August soon approaches, the market has been in a month long slump. The S&P 500 gained 0.3% and...
U.S. stocks suffered steep losses Tuesday as worries about escalation in Syria hit the market. Oil also surged. The few economic reports that were released on the day were mixed, and mostly ignored by the market. The S&P 500 fell 1.6% and the NASDAQ 2.2%. With the "risk...
U.S. stocks initially rallied Monday as a return of "bad news is good news" took over the market, but sold off later in the day on geopolitical concerns. Premarket a poor durable goods order report was released - the market liked that as it meant it was less likely the Federal...
U.S. stocks continued a rally from very oversold conditions as bad news in the economic sphere led some to believe there is no reduction in quantitative easing anytime soon, which perversely rallies stocks most of the time. Further, some big moves in precious metals would...

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