Archive for August 10th, 2010

Small Business Optimism Index Declines in July

| August 10, 2010

The National Federation of Independent Business reported that their Index of Small Business Optimism declined 0.9 points in July following the sharp drop in June. The index has now spent a record amount of time below 90, and the failure to break above that level during the rebound in 2009 is a testament to the […]

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The Federal Reserve Announces Program to Reinvest in Treasuries

| August 10, 2010

As expected, the Federal Reserve left interest rates unchanged today, observing that the “pace of recovery in output and employment has slowed in recent months.” In response to the perceived weakening of the economic recovery, the statement reaffirmed their commitment to keep rates at an “exceptionally low level for an extended period.” Also of note […]

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Short-term Forecast for August 10, 2010

| August 10, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed moderately lower today, moving slightly below support at the lower boundary of […]

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