One of the more interesting articles I came across today was on Bloomberg, the article talked about the performance of the stock market as of late. While it seems as though we have been enjoying a roaring bull market for the past year, closer look at the market shows a story to the contrary. Bloomberg's reporters Lu Wang and Joseph Ciolli report an interesting find that "about 47 percent of stocks in the Nasdaq composite index are down at least 20% from their peak in the last 12 months, while more than 40% have fallen that much in the Russell 2000 and the Bloomberg IPO index" Bloomerg
More interesting headlines, ideas and critical economic information can be found in today's market notes. Download your copy at the link below.
Whats in the report
Markets look for hints of when the first US interest rate hike in almost a decade may happen after tomorrows meeting of the fed governors
Minimum wage may be a balloting issue in some key republican states as early as November.
Bill Akman's new fund is likely to be listed on the Amsterdam Stock exchange.
Contrary to his promise of a conservative valuation target, Alibaba's Jack ma may seek to increase the high target price for the tech giants IPO, the previous high was $66, Ma and Alibaba are said to be seeking $70.
The OECD has cut economic forecasts for US among other developed countries.
Trade well
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