Affiliated with this college for your service. As acting president here and you have done, in my view, a seamless job of plugging the gap in this. Weve had here president s. I also want to single out gary greg. When this program started in the early 90s i had no idea it could develop into what it has become. You are the reason for that. Gary came here in 2000 and took it to a whole new level. I hope you will join me in thanking gary greg for his wonderful job. [applause] we have had a lot of interesting speakers over the years and in my view on more than interesting than our guest this morning. [laughter] chuck schumer, of course, is from brooklyn, born and raised. His dad owned an exterminator business and one of chucks siblings remembered that we always associated the smell of triple x broker spray with love. [laughter] it was his hard work day in and day out that took this kid from brooklyn the worlds greatest deliberative body the United States and. It is also my last year Time Mag
Will be in control on wall street o the next few months. Its that time of year again when we dust off the barbecue grills and get the beach chairs out. And for many traders and investors, means another look at the old market saying sell in may and go away. Anecdotally some in the market believe the summer months produce rockier swings for stocks. This strategy has produced mixed results at best over the years. According to Market Analytics firm over the last decade the s p 500 has actually posted a nearly 1 gain between memorial day and labor day. Its been positive 60 of the time. But over the last 20 years performance has been just about flat and its positive 55 of the time. This year some experts think thers to stay invested in the stock market. Remember we had an unusually cold winter across the east coast and several factors which temporarily depressed Economic Growth in the first three months of the year. As we head into the summer months were actually expecting Economic Growth to
Will be in control on wall street o the next few months. Its that time of year again when we dust off the barbecue grills and get the beach chairs out. And for many traders and investors, means another look at the old market saying sell in may and go away. Anecdotally some in the market believe the summer months produce rockier swings for stocks. This strategy has produced mixed results at best over the years. According to Market Analytics firm over the last decade the s p 500 has actually posted a nearly 1 gain between memorial day and labor day. Its been positive 60 of the time. But over the last 20 years performance has been just about flat and its positive 55 of the time. This year some experts think thers to stay invested in the stock market. Remember we had an unusually cold winter across the east coast and several factors which temporarily depressed Economic Growth in the first three months of the year. As we head into the summer months were actually expecting Economic Growth to
Too strong and the Unemployment Rate fell to 5. 4 . The lowest rate since 2008. The goldilocks report sent stocks soaring with job growth that many said was just good enough to hold off a Federal Reserve rate hike until the second half of the year. The Dow Jones Industrial inde week with a gain of 267 points to 18,191 and the nasdaq rooz 58 and the s p rose 28 points. Hampton pearson has more. Led by a boost in the Service Sector and construction and health care the jobs rebounded strongly in april, good news for president obama. Nearly the fastest pace in over a decade. March it turns out was worse than previously reported producing just 85,000 jobs. April, however, added nearly three times as many workers. On wall street a sigh of relief from leading economists. I would expect Something Like 200,000 from here on out. So maybe a little less than this report if there was an element of snap back there. The underlying trend growth of the economy is probably about 2. 5 right now and that
Will be in control on wall street o the next few months. Its that time of year again when we dust off the barbecue grills and get the beach chairs out. And for many traders and investors, means another look at the old market saying sell in may and go away. Anecdotally some in the market believe the summer months produce rockier swings for stocks. This strategy has produced mixed results at best over the years. According to Market Analytics firm over the last decade the s p 500 has actually posted a nearly 1 gain between memorial day and labor day. Its been positive 60 of the time. But over the last 20 years performance has been just about flat and its positive 55 of the time. This year some experts think thers to stay invested in the stock market. Remember we had an unusually cold winter across the east coast and several factors which temporarily depressed Economic Growth in the first three months of the year. As we head into the summer months were actually expecting Economic Growth to