By: Denise Simon | Founders Code
Let’s begin with the 39th Congress, shall we?
1865-1867, it was a time of reconstruction. For context, scan this summary of the activity of Congress.
On the matter of ratification of the 14th Amendment, a year-long study was completed by a 15 member committee. Much of the debate was on citizenship for slaves. For reference, the Joint Resolution was H.R. 127.
By: Kent Engelke | Capitol Securities
October left all bruised. Today’s rules that are based on investing models were supposed to take the guesswork out of buying and selling decisions, utilizing technology and using math to eliminate emotions. I think most will agree that such programs are now being questioned. Will October be regarded as the month that all of yesterday’s no-lose strategies failed?
Speaking of possible tops, will $1 trillion end up being known as the Top for a Generation? Two companies “Amazon and Apple” reached this plateau and the media was filled with the countdown for the next companies to make it to this stratospheric level. At the time of this writing, Amazon is down about 23% month to date and over $275 billion from its September apex. Apple is still worth $1.02 trillion but is down about 7% for the month and 9% from its peak.
Yesterday equities had a tumultuous day, ending higher after a robust buying that occurred in the final 30 minutes of trading. At the close, Facebook posted results that perhaps proved to be “good enough.” I am certain the interpretation of the results will change several times throughout the day.
At the close today, Apple posts results. How will they be interpreted?
Last night the foreign markets were up. London was up 1.46%, Paris was up 2.11% and Frankfurt was up 1.26%. China was 1.35%, Japan was up 2.16% and Hang Sang was up 1.60%.
The Dow should open moderately higher on earnings and robust foreign markets. The 10-year is off 5/32 to yield 3.15%.