Stock Markets Finish Higher For the 5th Week In a Row

post cover

Even with a decelerating economy and a recent sub-par earnings season behind us, the USA stock markets continued to show their resiliency.    The S&P 500 finished the week at 1,406 for a gain of a little over 1%. This was the fifth straight week the S&P 500 has finished higher. This week was also … Continue reading

USA Takes The Gold In Stock Market Performance

Post 22 Cover

After declining for the first four days of the week, the S&P 500 rose 2% on Friday to finish the week at 1,390 – only 32 points off it’s multi-year high.  A slightly better than expected Jobs report and a better than expected ISM non-manufacturing report triggered the nice gains in the S&P 500 on … Continue reading

Stock Markets Continue Sideways – Big Move still to Come?

Cover

  After being down as much as 30 points during the week, the S&P 500 rallied on Thursday & Friday and ended the week higher by 2  points at 1,356. The primary catalyst for the end of the week rally were the earnings from JP Morgan and Wells Fargo which both reported earnings that were … Continue reading

Time to Raise Cash

cover

Stock Markets across the globe exploded higher on Friday as the European Union unexpectedly announced a new plan for providing financing to Spanish Banks along with providing a framework for an eventual banking union that could provide more stimulus in the future. The S&P 500 rallied 2.5%  on the European News on Friday and closed … Continue reading

USA Markets & Economy – Best Strength in a Weakening World

Cover 18

The S&P 500 closed down 7 points or about 1/2% for the week ending June 22, 2012. After a promising start to the week where the S&P 500 rose to 1,364 – right into the resistance zone we discussed in last weeks article – the index turned down on the markets disappointment that the US … Continue reading

Stocks Up – Economy Down – Natural Gas – Like Buying Gold in 2000?

Cover Post 17

Stock Markets across the globe for the most part finished positive for the  week ending June 15, 2012.  The S&P 500 closed at 1,342 – a gain of 1.4% for the week. Primary catalyst for the gains this week was the following: Markets are coming off of their most technically oversold condition since last October … Continue reading

Stocks Have their Best Week of 2012

Post 16 Cover

Stocks had their best week in almost 6 months as the S&P 500 finished at 1,325.  Entering the week, the markets were the most technically oversold since last October, 2011.  Therefore, an oversold rally was to be expected at anytime.   (Click on Image of Chart for a Bigger Picture)       The Primary … Continue reading

Stocks Give Back Their Entire Year Gains

Post 47 Cover

Markets across the globe closed at their year lows for the week ending June 1, 2012.  In the USA, the S&P closed at 1,278 as all of the economic reports  released this week reported the domestic economy is growing at a rate that is slower than what was expected by economists across the board.  18 … Continue reading

Markets head South while Gold Goes North

cover

The markets for the USA along with the markets of the rest of the world sold off this week as investors sought to reduce risk in their portfolio’s across the globe. Concerns over the unresolved European banking crises continue to pressure global equity markets.  However, new realizations that the growth in the Chinese economy has … Continue reading

Risk Off – Investors Rotate to Safety

cover photo

The S&P 500 closed Friday, May 11, 2012 at 1,353, it’s lowest level in two months. All markets worldwide continue to be heavily influenced by the activities in Europe, especially the countries Greece, Spain & Italy. We recently commented on how these countries debt problems and their effect on the European Banking system could impact … Continue reading

  • Reliance Investment Management LLC is a Registered Investment Adviser in the State of Washington. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
  • This communication reflects the opinions of Reliance Investment Management LLC and is being provided for informational purposes only and is not intended as a recommendation, an offer or solicitation for the purchase or sale of any security referenced herein or investment advice. It is being provided to you on the condition that it will not form the primary basis for any investment decision. Reliance Investment Management LLC and its affiliates may have positions (long or short), in securities or options on such securities referenced herein. The information contained herein is of the date referenced and Reliance Investment Management LLC does not undertake an obligation to update such information. Reliance Investment Management LLC has obtained all market prices, data and other information from sources believed to be reliable although its accuracy or completeness cannot be guaranteed. Such information is subject to change without notice. The securities mentioned herein may not be suitable for all investors.
Follow

Get every new post delivered to your Inbox.

Join 41 other followers