Home » Most Recent Stories

MARKET WRAP – STOCKS HIGHER IN VOLATILE TRADE

27 January 2010 by Cullen Roche 2 Comments

Traders weren’t afraid to tack on some risk heading into Obama’s State of the Union address.  The President is likely to talk tough on the banks and play to the populism that has erupted since the Massachusetts vote.   The market was very volatile throughout the day as earnings, the AIG hearings and a FOMC meeting all contributed.   Ultimately, stocks closed higher by 0.5%.   Breadth was fairly even, but volume was heavier than it has been on recent up days.   Commodities sold off as the dollar rallied and the VIX continued to drift lower as it declined nearly 6% on the day.

Cullen Roche

Cullen Roche

Bio - Coming Soon.

More Posts - Website

Follow Me:
TwitterYouTube

Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas. Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting.
Comments