The Dow in 10 Numbers: Current Valuation Metrics and Company Fundamentals

August 26, 2015 By Nicholas Colas
Nicholas Colas

Morning Markets Briefing: The number of the Beast showed itself again on Wall Street…  On March 9th, 2009 the S&P 500 hit its post-Financial Crisis intraday low at 666; today, the Dow Jones Industrial Average closed at 15,666 after a nasty intraday reversal.  Coincidence?  Or a sign that high frequency trading algos have a favorite number? 

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How will Fed Chair Yellen face her first critical market challenge?

August 25, 2015 By Nicholas Colas
Nicholas Colas

Morning Markets Briefing: Every Federal Reserve Chair since 1979 has faced a notable challenge in the first 12-20 months of their tenure – something akin to capital markets “Bullies” hazing the new kid at school.  How will Chair Yellen’s Fed face the market’s challenge?  It will likely take months to find out, so today we update our “Have U.S. stocks bottomed” checklist. 

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