GPG’s earnings fell short of expectations, but brokers continue to recommend the stock as the track record of value creation makes earnings performance somewhat irrelevant.
Weekly musings from your editor.
The minutes of the August Fed meeting provided some positive stimulus last night as the oil price slipped yet again.
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Weekly musings from your editor.
Iran has no interest in ceasing uranium enrichment. After a minor distraction in the Holy Land, it’s game on once more.
A second big rally on Wall Street last night was triggered by a benign CPI increase, following from a similar PPI figure on Tuesday.
Weekly musings from your editor. Written late on Wednesday, but mostly read on Thursday.
A lower than expected PPI figure allowed the US stock market to shake off some of its inflation worries last night.