25 Apr 2003

Posted at 15:38h in The Friday Brief by
The mood on Wall Street is improving, albeit slightly.  General market improvement comes ahead of the economic reports provided by the government that substantially reflect the view that the lead-up to the war with Iraq had a significant dampening effect on the economy.  Investors seem more optimistic as they learn that many companies are reporting better-than-expected earnings.

11 Jan 2002

Posted at 16:29h in The Friday Brief by
The tug-of-war between the Bulls and the Bears continues as analysts and investors fret over half-full or half-empty scenarios.  There is little argument that the economic numbers suggest a bottoming in the economy.  The rise in unemployment is slowing, consumer confidence is improving, commodities’ prices are rising from their lows, and bond prices are declining.  The big question centers on the speed of the recovery and the vitality of corporate earnings.  The stock indexes, historically the best leading indicators, are signaling recovery sooner, rather than later.  The NASDAQ Composite index reached a six-month high on Wednesday.