Daily News Breakdown 1/27/2016


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  • Daily Market Update
    • The Dow ended the day down 222.77 points or approximately 1.38%.
    • The S&P 500 ended the day down 20.68 points or approximately 1.09%.
    • The NASDAQ ended the day down 99.51 points or approximately 2.18%.
    • Oil ended the day up $0.85 at $32.30 a barrel.
    • Gold ended the day up $2.50 at $1,118.30.
  • Additional News

The Federal Reserve:

In a statement today the Federal Reserve of the United States announced that they will not be raising interest rates due to slowed US economic growth.  For more information click here for BBC and here for the Guardian

North Korea:

According to sources questioned by Japanese news agency Kyodo News, North Korea may be preparing for a long-range ballistic missile launch test.  This comes just weeks after North Korea claimed to have successfully detonated a hydrogen bomb.  However, experts believe that an atomic bomb test was conducted; technology which North Korea is already known to possess.

Recommended further readings:

A China bank contagion could blow up global markets (CNBC)

Facebook smashes Street’s highest estimates on revs and EPS (CNBC)

Daily News Breakdown 1/26/2016


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  • Daily Market Update
    • The Dow ended the day up 282.01 points or approximately 1.78%.
    • The S&P 500 ended the day up 26.55 points or approximately 1.41%.
    • The NASDAQ ended the day up 49.18 points or approximately 1.09%.
    • Oil ended the day up $1.11 at $31.45 a barrel.
    • Gold ended the day up $14.90 at $1,120.20.
  • Additional News

API Weekly Report:

The American Petroleum Institute reported today that crude supplies increased by 11.4 million barrels for the week of January 22, 2016.  Tomorrow the more significant EIA report will be released.  Meanwhile, as shown above, the price of oil still ended the day up $1.11 a barrel.

China Oil Demand:

Today state-run China National Petroleum Corporation announced their forecast for China’s oil demand growth for 2016.  The forecast cut demand growth from 4.8% last year to 4.3% for 2016.  CNPC also forecasted China’s net crude imports to grow by 7.3% compared to last years growth of approximately 9%.

Conflict in the Middle East:

Today Syrian government forces recaptured a “strategically important” town in southern Syria.  Syrian’s government forces have made significant gains during the recent weeks as Russian airstrikes continue to destroy their opposition.  As President Assad’s government continues to further entrench itself with military victories and the West and its allies remain steadfast in their demands for President Assad to step down the future of Syria remains frighteningly in the shadows.  For more information click here

Escalating US and Russian Tensions:

The Kremlin has officially demanded proof from the US Treasury after Adam Szubin, a US Treasury sanctions official, made an on the record comment to the BBC accusing Russian President Vladimir Putin of being corrupt.  While the United States has put sanctions on a number of Russian officials in the past the United States government has never gone so far as to place sanctions on President Putin himself.  For more information click here

Recommended further readings:

More bad news from investor who called $30 oil a year ago (CNBC)

Daily News Breakdown 9/16/2015


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  • Daily Market Update

    • The Dow ended the day up 140.10 points or approximately 0.84%.
    • The S&P 500 ended the day up 17.22 points or approximately 0.87%.
    • The NASDAQ ended the day up 28.72 points or approximately 0.59%.
    • Oil ended the day up 2.56 at $47.15 a barrel.
    • Gold ended the day up $16.40 at $1,119.00.
  • Hewlett-Packard Will Cut Another 10% of its Workforce

Hewlett-Packard has announced additional cuts to its workforce as it moves ahead with the plan to split the company.  The reasoning behind the move is additional savings of $2.7 billion annually as the company attempts to turn things around.

Daily News Breakdown 8/20/2015


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  • Greece Prime Minister Steps Down

Greece’s Prime Minister, Alexis Tsipras, announced today that on Thursday he would resign.  This is a move that should cause concern among European Leaders as the future of the recently agreed upon bailout once again becomes shaky.

  • Shots Fired Across the DMZ

Tensions have mounted on both sides of the demilitarized zone as North Korea fired a rocket at South Korea prompting them to fire back with an artillery barrage.  Today North Korea threatened to “start a military action” unless South Korea ceases all propaganda broadcasts and removes their loudspeakers within 24 hours; something South Korea is not likely to do.

  • Interesting Articles from the web
  1. Credit Traders Gird for the Worst as Fed Loses Its Grip on Debt
  2. 10 Currencies That May Follow Tenge in Tumble Triggered by China