Recap of September 2015 U.S. stock market

So… what happened to the U.S. stock market? Was it:

  • the sermon to the U.S. Congress by Pope Francis,
  • the resignation of John Boehner as Speaker of the House of Representatives,
  • the on-going immigration crisis in the Euro zone countries,
  • the visit to President Obama by China’s President Xi,
  • the drug company who bought a decades-old generic drug with the intention of inflating its price 5,000%,
  • the FOMC (Federal Open Markets Committee) not raising interest rates (federal funds rate),
  •  more companies laying off hundreds of workers?
  • the crude oil market bubble bursting
  • Perhaps it’s the “guillotine” aura of the U.S. Government shutting down AGAIN on September 30, 2015, because of elected officials’ dysfunction and mismanagement.

I won’t comment or opine on any of the above events (well I did a little at the end), there are plenty of others doing it much better than I. Coverage of Pope Francis and China’s president have been all over the news networks and the ‘net. But I will include a link to the drug price “shocker” because it has raised the issue of “outrageous drug prices” in general to the “front page” at least for a little while. Here’s the skinny*:

*definition of “skinny”

The outrageous price increase:  Turing Pharmaceuticals  http://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html?_r=0

And the rollback:  http://www.theguardian.com/business/2015/sep/23/us-pharmaceutical-firm-to-roll-back-5000-price-hike-on-drug

However, I’m calling attention to a stock market (which incidentally supposedly looks six months forward in its activity) which reacts quite violently these days to daily news and events, thanks to program trading and algorithms. Below are various articles and/or opinions that are discussing this “increased” volatility, and perhaps some reasons for it, as well as the increasingly “fragile-appearing” economy the U.S. is experiencing. Heck, who needs to go to Vegas!

Forbes   http://www.forbes.com/sites/johntobey/2015/07/07/stock-market-clears-double-hurdle-reaffirming-bullish-trend/

New York Times   http://www.nytimes.com/2015/08/25/upshot/why-global-financial-markets-are-going-crazy.html

CNBC.com    http://www.cnbc.com/2014/12/08/this-could-be-the-most-important-trend-for-2015.html

CNN.com   http://money.cnn.com/2015/03/17/investing/stocks-market-2015-federal-reserve/

Barron’s  8/21/2015  http://www.barrons.com/articles/trends-that-can-torpedo-the-stock-market-1440177165

Author’s Addeneum 10/1/2015:   Here’s a Wall Street Journal article featuring the New York Federal Reserve president, William Dudley. Article is updated as of September 28, 2015. Article discusses possibility of the Federal Reserve Bank finally raising its short-term interest rates.

Advertisements

2 thoughts on “Recap of September 2015 U.S. stock market

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s