Jul27

With Bernanke & Co. out of action last week, stocks barely budged. Don’t expect that to last.

Posted by Mark Pettinga

The Standard & Poor’s 500-stock index fell 0.03% last week, the smallest percentage move in either direction since October 2010. It wasn’t for lack of what is usually market-moving news. Last week saw the release of data on U.S. housing, manufacturing, and jobs. But for … Read More »

 
 
Jul22

America’s Biggest Cities Are Bankrupt!

Posted by Mark Pettinga

While the major stock-market averages reached new highs and Moody’s Investors Service raised its outlook for its triple-A rating for the U.S. government, the city of Detroit filed for the largest municipal bankruptcy in history.

In and of itself, Detroit’s insolvency has limited implications for … Read More »

 
 
Jul06

2013 2nd Quarter Earnings: Low Expectations, High Hopes

Posted by Mark Pettinga

CONSENSUS ESTIMATES call for the Standard & Poor’s 500 companies to report aggregate earnings per share for the second quarter just a few pennies below the first quarter’s $26.71, but then accelerate markedly, to $27.72 in the third quarter and $29.32 in the fourth, according … Read More »