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© CARLO HERMANN/AFP/Getty Images Last week’s press conference by ECB President Mario Draghi left the markets disappointed and somewhat perplexed about the shift towards quantitative easing that had just been sanctioned by the governing council (GC). Because this was focused on private sector assets, in the form… Read entire story.
Source: Gavyn Davies
The chart below shows the monthly prices for the past three years on the S&P 500 index ($SPX) after the index closed the week at 2,044.81 on January 9, 2015. secured business credit When stocks hit a volatile period and fear starts to consume investors, charting a multi-year view of the major …
By Marc Chandler As the year winds down, a Gordian knot tying Russia, oil prices and China together is receiving a great deal of attention. Let’s see if we can unravel some of the confusing twists and turns. We turn first to China’s offer of assistance to Russia. …
Which way is the market going to go? The technicals on the SP500 show a weakening trend that, should it break through the channel support, could begin a serious leg to the downside. Having said that, the market is also testing the 200 day moving average, and if it finds support, could actually swing to […]