Your humble Social Media Manager here. I’m reporting this evening from the Fairmont Le Château Frontenac in Quebec, where The Oxford Club is holding its Private Wealth Seminar. The two-day conference kicked off this morning in the Salon Frontenac, a newly renovated banquet room at the top of the Château’s grand staircase. Read On…
Sadly, investors aren’t the only victims of Wall Street. On July 17, Microsoft Corp. (Nasdaq: MSFT) CEO Satya Nadella announced 18,000 layoffs in a bid to make the company more competitive. Even with the news of deep job cuts, Microsoft’s shares jumped. In fact, shares are up 19% year to date. But why? Aren’t layoffs a bad omen?
Today’s chart is the granddaddy of all technical stock market indicators: the New York Stock Exchange Bullish Percent Index (NYSE BPI). A BPI tracks the percentage of stocks that are on point-and-figure “Buy” signals.
After two action-filled days, The Oxford Club’s Private Wealth Seminar in Quebec has come to an end. As attendees bid their farewells to Alex, Marc, Steve et al., I’ve slipped away to write this account of the day’s events while they’re still fresh in my mind.