MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Berkshire Chamber     Berkshire Community College     City of Pittsfield    
Search
Home About Archives RSS Feed
@theMarket: Recession: 'Certainly a Possibility'
By Bill Schmick,
05:02PM / Friday, June 24, 2022
"Certainly a Possibility."    Those were the words of Federal Reserve Chairman Jerome Powell during testimony to the U.S. Senate banking Committee on Wednesday, June 22. Investors took his warning in stride, instead of plummeting. That may indicate markets are ready for another relief rally.   Powell thought the U.S. economy was strong enough to roll with the Fed's punches of higher interest rates, and a shrinking balance sheet without too much trouble. It was the outside factors — the Ukrainian war, China's COVID-19 policy, and supply chain problems — that complicate the outlook. Avoiding the "R" word was

0 Comments
Read More >>

The Retired Investor: Stock Market & Midterm Elections
By Bill Schmick,
06:37PM / Thursday, June 23, 2022
The stock market does not perform well in the year leading up to midterm elections. This year's election may just add to the overall woes besetting equities.   Historically, the average annual return of the benchmark S&P 500 Index in the 12 months before the Nov. 5 election is 0.3 percent, versus the historical average of 8.1 percent in non-midterm years. In 2022, of course, with the S&P 500 down more than 20 percent, those historical numbers look pretty good. Unfortunately, volatility also tends to rise before and after midterm elections.   But this year is different, you might say, since we are witnessing the first European war in decades, as well

0 Comments
Read More >>

@theMarket: Inflation Shock Pummels Markets
By Bill Schmick,
04:08PM / Friday, June 10, 2022
The Consumer Price Index (CPI) surged in May 2022 as gas prices continued to run higher. These results came as a downside surprise to a stock market that has been falling most of the week.   Friday's CPI number for May 2022 reflected an increase of 1 percent, compared to "hot" estimates of 0.3 percent in April 2022. On a year-over-year basis, the gain was 8.6 percent, which is a 40-year high in the CPI. Gasoline prices were a key driver of inflation last month, although Owners' Equivalent Rent (OER), which accounts for about a third of the CPI, also gained. The problem going forward is that analysts expect gasoline prices will continue to rise in this

0 Comments
Read More >>

The Retired Investor: Natural Gas Prices Fall But For How Long?
By Bill Schmick,
04:30PM / Thursday, June 09, 2022
Only recently have investors' focus shifted from $120 a barrel of oil to the soaring price of natural gas. Given the many uses of natural gas, from heating and cooling and generating electricity to the production of plastics and petrochemicals, the direction of prices could be critical to our economic well-being.   On Wednesday, June 8, 2022, natural gas prices fell over 10 percent after a fire at a Texas liquified natural gas (LNG) export terminal shut down the Freeport LNG facility for at least three weeks.  The terminal accounts for 16 percent of U.S. export capacity. Gas prices fell because for a brief time, that gas will flow into the domestic market depressing

0 Comments
Read More >>

@theMarket: June Still Looks Good for the Markets
By Bill Schmick,
09:53AM / Saturday, June 04, 2022
Thus far, the markets in June seem poised for a further bounce higher. That does not mean we are in the clear throughout the summer, but let's take it one month at a time. Here is what I see.   Between now and June 17, 2022, I am betting for another move up in the equity indexes. We could see a rally that takes us up to the 4,300 -4,400 level on the S&P 500 Index. It will likely be the kind of surge that floats all boats higher as it rises.   The stocks that have been hurt the most this year would be prime candidates to outperform. China, emerging markets, energy, materials, retail, transportation, small caps, tech, mines, metals and even the Kathy Wood

0 Comments
Read More >>

Pittsfield.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved