U.S. markets rise after wild seesaw trading in China

U.S. stocks rallied strongly Wednesday morning, following a volatile day in China. Some of those gains, however, faded by mid-day. Both the Dow Jones industrial average and the Standard & Poor's 500-stock index jumped by more than 2 percent at the open. Read full article >>...(read more)

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Dow's rally looks like what technicians call a 'dead cat bounce'

The Dow Jones Industrial Average's rally Tuesday is looking like what technicians refer to as a "dead cat bounce," which could be interpreted as worrisome for bulls. "[A] Dead Cat Bounce (DCB) is a term for a failed rally after a sharp decline," according to the Market Technicians Association's Knowledge Base. The Dow was up 227 points in midday trade, but had been up as much as 434 points at the intraday high of 16,100.11, which was reached at about 9:34 a.m. Eastern. That high failed to reach Tuesday's high of 16,313, hit at 11:23 a.m., which in turned failed to reach the high of Monday's......(read more)

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Expect Case-Shiller to show "Uptick in Appreciation" year-over-year change in July

The Case-Shiller house price indexes for June were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Zillow: July Case-Shiller: Expect a Slight Uptick in Appreciation The June S&P/Case-Shiller (SPCS) data published today showed home prices continuing to rise at an annual rate of five percent for the 20-city composite and 4.6 percent for the 10-city composite. The national index has risen 4.5 percent since June 2014. The non-seasonally adjusted (NSA) 10- and 20-city indices were......(read more)

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The most expensive cities in the U.S. for single people and families

Think your city is expensive?Maybe you can use a little perspective. The Economic Policy Institute has updated its family budget calculator, which estimates what it would cost for someone to live what they describe as a "modest but comfortable" life in 618 metro and rural areas across the United States.Read full article >>...(read more)

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September rate hike looks less compelling, Fed's Dudley says

The case for a rate hike in September is "less compelling" given international developments and volatility in financial markets, said William Dudley, the president of the New York Fed, on Wednesday. In brief remarks followed by questions from the press, Dudley said downside risks have risen given the slowdown in China, the drop in commodity prices, and the market gyrations. He noted that his views could change before the U.S. central bank meets on Sept. 16-17. Dudley said a drop in the stock market must be persistent to impact consumer spending. Dudley is an important voice because he is seen ......(read more)

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US durable goods orders up 2% in July

Orders to U.S. factories for long-lasting manufactured goods rose in July, and demand in a key category that tracks business investment plans jumped....(read more)

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ECB Ready to Expand QE If Needed on Inflation Risks, Praet Says - Bloomberg

Bloomberg ECB Ready to Expand QE If Needed on Inflation Risks, Praet Says Bloomberg The European Central Bank is ready to expand or extend its bond-buying program if needed as a slump in commodity prices and risks to global economic growth threaten its inflation goal, said Executive Board member Peter Praet. "Recent developments in ... and more »...(read more)

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