Even if you are a long term investor who doesn’t make a large number of trades, it always helps to be aware of and understand daily events that can move the market. There are a multitude of sites out there that offer daily market information, a calendar of market events, or analysis on the internet. However, when I first set out to find a one-stop shop for this kind of information, I knew that I wanted a credible, unbiased source. I was willing to pay for the service, so long as I felt comfortable with the information provided. So, after reading through Barron’s one day I noticed that Econoday provided the calendar of upcoming events for Barrons.com (I also vaguely remember seeing print versions of the calendar in a local bookstore).
In a nutshell, I gave their online service a try and have been happy with it so far. In addition to a thorough calendar of daily events, the site provides some very good analysis of market fundamentals. The explanation of each data point is no-nonsense and concise, and the focus is on the most important metrics driving the market. From a credibility standpoint I feel comfortable as well, as I consider Barrons.com and Nasdaq.com (also features Econoday data) quality, trusted sources. In addition, the two chief analysts at Econoday (Picker and Rogers) are seasoned economists with a good deal of experience (Rogers spent 19 years working at the Atlanta Federal Reserve, etc.).
Disclosure: EvaluatingStocks.com currently has no formal relationship or partnership with Econoday
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