Feeling groovy. Equity markets were looking for fun and feeling groovy yesterday as good vibes flowed in from all fronts. Hopes for an end to the budget stalemate and the possibility for progress on trade talks with China gave traders the thumbs up for a risk-on day for equities. WHAT YOU NEED TO KNOW: 1)…
Play nice! Stocks meandered through yesterday’s session in search of some good news, having found none they closed mixed. Stocks could not muster the strength to move up with little in the way of political, economic, or corporate fundamental news for fuel. WHAT YOU NEED TO KNOW: 1) Congressional negotiators reached a tentative deal to…
The slow walk. Stocks limped through Friday’s close as trade fears became a thing again. Friday’s session had traders contemplating a worst case scenario in the ongoing trade talks with China pushing bonds up and stocks down. WHAT YOU NEED TO KNOW: 1) A deal with China is not a guarantee. Administration officials close to…
About face? Markets slipped yesterday mainly on trade fears as traders were reminded that a US – China trade resolution is not a done deal. On a second day of losses, stocks paused and gave up some ground on the first bit of negative news in a while.WHAT YOU NEED TO KNOW:1) Trade talks may…
Yawns. After Trump’s highly anticipated State of The Union traders largely ignored the speech making for a muted session for equities. Stocks closed slightly lower in the wake of several days of gains, lacking the motivation to extend the rally as traders seek the next driver to power the markets. WHAT YOU NEED TO KNOW:…
Cue the applause. Markets continue to applaud for the Fed and solid earnings logging another positive day for stocks… and bonds. Strong earnings and a lack of negative news out of Washington cleared the way for equities to continue to trade up with some of the indexes on or over their long term trend lines….
Merrily we roll along. Stocks floated up on a quiet day led by technology where even bad economic data can’t contain the good feelings. The session started off with some weak economic data but surging tech shares dragged equities higher with all the major indexes closing near their highs. What you need to know: 1)…
Jobs aplenty! Investors remain bullish as strong employment numbers underwhelm, making for a volatile day with a mixed close. Stocks rallied on stronger than expected employment numbers only to give up gains late in the day despite a positive Presidential tweet on China talks. What you need to know: 1) Domestic employment remains strong. The…
Baby, it’s cold! Temperatures were way down across much of the US but stocks continued to go up with Fed winds still in the sails and continued good earnings releases. Stocks spent yesterday in the black closing near their session highs on more good feelings fueled by earnings and tweets. What you need to know:…
