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Shah Gilani on What's Really Moving the Stock Market Today

By , Money Morning -

Money MorningCapital Wave Strategist Shah Gilani appeared on FOX Business' "Varney & Co."to talk with host Stuart Varney about the ill winds blowing across Wall Street and the country at large.

The Dow is down nearly 100 points on the day, rhetoric and violence are ratcheting up in Syria, and we've heard both parties' warning shots over the looming October debt ceiling vote.

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Here's the Key to How the Stock Market Will Move This Week

By , Money Morning -

Coming off the worst week of the year, and with the very real possibility of the Dow Jones dipping back below 15,000, the question on everyone's lips is "Where's the bottom?"

That's why Money Morning Chief Investment Strategist Keith Fitz-Gerald spoke on Monday with FOX Business' Charles Payne of "Varney & Co."about just how low the stock market can go.

Fitz-Gerald looks at the stock market's support and resistance levels, and gives us a good picture of what to expect in the week ahead - and much more. He looks ahead to the Fed's Jackson "Black" Hole summit, and speculates on when the Fed's reindeer games will run out of gas.


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Stock Market News Today Why We Predicted This 10% Gainer Would Soar

By , Money Morning -

Stock market news today focuses on winners and losers in the tech and consumer spaces, as well as how the S&P 500 will come off of its largest weekly decline since June.

Last week was tough for stocks since this year has been filled with rallies. Stocks fell as investors tried to understand the timing of the Fed's tapering of its bond-buying program.

Surprisingly, the market still seems very sensitive to any news on the Fed cutbacks.

This week, the market may continue to react to any news from the Fed, although other economic indicators are likely to be in the foreground of investors' minds.

Stock market news today starts with Japan, which we learned saw gross domestic product rise 2.6% at an annualized pace from April to June - well short of the 3.6% growth economists expected. The Nikkei was down more than 5% last week and is down another roughly 1% this morning.

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Stock Market Today: This Stock Wins With or Without QE3

By , Money Morning -

The major headlines in the stock market today include the Fed's decision to implement QE3, increased producer prices, and higher jobless claims.

  • QE3 a 99% certainty?... Not quite- When the Federal Open Market Committee makes its statement at 12:30 p.m. EDT every investor will be waiting to hear if QE3 has finally arrived. After what seems like two years of speculation since QE2 was announced will we finally get QE3? According to Citigroup Inc. (NYSE: C) a gauge of indicators of market expectations for additional central bank stimulus rose to a record 99% in August. Yet many economists do not expect QE3 to be announced today for many reasons. If the Fed takes action it will be viewed as highly political coming just months before Election 2012. Even if the Fed announces QE3 but says it will delay QE3 purchases until after the election as it did with QE2, the political implications will still be there. Other reasons are the lack of progress the previous rounds of QE have had in turning around the economy - and not just the stock market. "The Fed continues to want the economy to grow faster and specifically, to grow more jobs, but the ability of QE to do that is extraordinarily limited," Catherine Mann, a finance professor at Brandeis and former Federal Reserve economist told CNN. "We know that QE reduced interest rates, but we also know that has not led to more construction, more mortgages, more business investment, or more lending. Since it hasn't done any of that, it probably hasn't created jobs either."
  • Producer prices rise most in three years- Wholesale prices, measured by the producer price index, climbed 1.7% in August - the most since June 2009 - due to higher gasoline and natural gas prices. This was a faster increase than the 0.3% reported in July and ahead of the median forecast for a gain of 1.3%. Food prices rose 0.9% due to a rise in dairy and egg prices. The core producer price index which excludes food and energy rose 0.2%, which was in line with expectations. Tomorrow's consumer price index will be a good indicator if higher wholesale prices have translated into increased consumer prices.

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Stock Market Today: U.S. Credit Rating At Risk Again

By , Money Morning -

The major headlines in the stock market today (Tuesday) include Moody's warning it might lower America's AAA rating, the trade deficit and a financial shakeup:

  • U.S. Credit Rating at Risk- In a statement released Monday, ratings agency Moody's said the United States is in danger of losing its AAA credit rating if Congress cannot come up with a solid plan to lower the debt-to-GDP ratio. "If those negotiations lead to specific policies that produce a stabilization and then downward trend in the ratio of federal debt to GDP over the medium term, the rating will likely be affirmed and the outlook returned to stable," Moody's said in an e-mailed statement. "If those negotiations fail to produce such policies, however, Moody's would expect to lower the rating, probably to Aa1."

    Currently Moody's rates the U.S. AAA credit rating with a negative outlook. Standard & Poor's last year downgraded the U.S. to AA+ which is the equivalent to Moody's Aa1. Both agencies cite the political bickering in Congress and inability to deal with fiscal situations as the main reasons for the downgrades. S&P has mentioned that those risks could lead to another downgrade. When President Obama updated his federal budget in August the debt-to-GDP ratio was projected to be 75% by 2022, currently it is just over 1.04%. If lawmakers decide to go off the fiscal cliff as a debt reduction measure Moody's said it will maintain its current rating and negative outlook and then wait to see results of the fiscal cliff before deciding to return to a stable outlook.

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