Insurance stocks were sold off today because of hurricane Harvey. Travelers and Progressive were both down more than 2%. Allstate was down about 1.5%. The damage from the storm is phenomenal. The final costs to the insurance companies won’t be known for some time. Progressive stocks, for instance, have been…
Day: August 28, 2017
You May Have That Extra $50 You Can Save in Your 401(K)
If any of the following applies to you, you are over spending. Where did my money go? How come there is only $50 left in my checking account? Starbucks has become your best friend. You visit Starbucks more often than you visit your parents living 2 blocks away. Using…
Euro Is Decidedly Higher against the Dollar
Thanks to the uneventful Jackson Hole last Friday. Euro is trending strongly higher. Yellen didn’t mention anything related to the future rate hikes during the Jackson Hole meeting. Markets and traders took the silence on the topic of the future rate hikes as an opportunity to short the U.S. dollar….