Author: Beacon Wealth

On May 2, 2016, Puerto Rico Government Development Bank (GDB) defaulted on a $400-plus million debt payment. The GDB became the third Puerto Rico issuer (out of a total of 17) to default, and the news was largely expected given … Continue reading →

Stocks take a breather after three-day rally. U.S. equities are trading lower this morning as traders mull over disappointing earnings from Dow component Disney, which missed estimates for the first time in five years; this comes after major indexes closed … Continue reading →

An ominous technical formation took place last week, and it had social media in an uproar as a result over the past few days. The S&P 500’s slower moving 100-week moving average crossed above its faster moving 50-week moving average … Continue reading →

U.S. equities up modestly after mixed Monday finish. Stocks in the U.S. are up in early trading as prices move in tandem with WTI crude oil. This comes after a mixed session on Monday that had little economic data to … Continue reading →

Crude oil is in the news again today, with Saudi Arabia replacing its long-time oil minister, and thus, potentially signaling a change in maintaining its high production. Also, wildfires in Canada are disrupting output by nearly a million barrels a … Continue reading →

Stocks near flat, oil strength fades. U.S. equities are clinging to gains this morning despite a slide in WTI crude crude oil prices from overnight highs. This morning’s action comes after indexes rebounded from initial losses to finish higher on … Continue reading →

As we highlighted in our earlier blog post, the April employment report was a mixed bag, at best, with a slowdown in hiring, a pickup in wages, and ongoing weakness in temporary help jobs—a key forward-looking metric. Upon further review, … Continue reading →

This is the first of two blogs today we will devote to the April jobs report. Here we will take a broad look at the results, while the next post will dive into some of the specifics. Here are some … Continue reading →

Stocks lower, jobs report misses expectations. U.S. equities are trading in the red this morning, and a disappointing headline read on nonfarm payrolls is sustaining the cautious mood on Wall Street. Overseas, European indexes are also lower, with the Euro … Continue reading →

Earlier this week, the bull market turned more than 1,800 trading days old, making it officially the second-longest bull market since World War II. In calendar months, the current bull is now 87 months old and is longer than the … Continue reading →