Contemplation. Stocks took a day of rest closing mostly unchanged yesterday as traders contemplated their next moves. It was a mixed news day with nothing strong enough to move markets in either direction resulting in a low volume session. WHAT YOU NEED TO KNOW: 1) The Chinese economy continues to show signs of weakness. Yesterday’s…
Melt up. Stocks ran up for a third straight day on risk-friendly economic releases. In a relatively quiet day of trading, stocks undaunted by any true hurdles, traded up with all indexes ending in positive territory and the S&P500 reaching a five-month high. WHAT YOU NEED TO KNOW: 1) Business investment continues to grow. Yesterday,…
Indecision. Stocks closed mixed yesterday as the Dow Jones was the sole index to close in the red, held back by Boeing’s travails. Mixed stimulus from benign economic numbers to troubles for UK Prime Minister Theresa May led to a relatively uneventful day for traders. WHAT YOU NEED TO KNOW: 1) Inflation appears to be…
A sea of green. Stocks climbed yesterday led by technology shares breaking a five day losing streak on pure optimism. Stock traders bought the dip and continued the buying that drove up stocks late in Friday’s session as retail sales figures and numbers out of China emboldened their bullish ambitions. WHAT YOU NEED TO KNOW:…
Jobs for all. On Friday, stocks sold off on surprising employment data and traders wondered how imminent a China trade deal actually was. The drop in stocks capped off a week of selling, the worst in 2019, as all indexes closed in the red. WHAT YOU NEED TO KNOW: 1) Rates are staying put for…
Eye opener. Stocks sank yesterday as investors worried about an economic slowdown. The European Central Bank lowered its Euro area growth outlook for 2019 and offered some dovish policy stoking more fears of a global slowdown. WHAT YOU NEED TO KNOW: 1) The European Union is experiencing a slowdown. Mario Draghi announced that ECB lowered…
Happy Birthday! Yesterday marked the 10 year anniversary of the stock markets’ financial crisis low and stocks sold off. Stocks slipped for a third day in a row as investors longed for a trade deal and pondered the future growth of the economy. WHAT YOU NEED TO KNOW: 1) The EU economy is losing steam….
Something, anything! Said the markets yesterday as they traded sideways and ultimately closed down slightly. Stocks were in search of positive news on trade talks and in its absence found themselves with nowhere to go. WHAT YOU NEED TO KNOW: 1) The services sector is doing just fine. Yesterday’s ISM non-manufacturing index, which measures services…
What’s the deal? Stock’s sold off yesterday as investors struggled to find another day of hope for a US trade deal with China. Hope alone was just not enough as an opening rally quickly faded into a selloff that saw the Dow plunge more than 400 points at its session low.WHAT YOU NEED TO KNOW:1)…
Can you deal? Stocks rose on Friday on, once again, optimism about the potential for a US trade deal with China. A number of weaker than expected economic numbers held markets back earlier in the session but ever-present trade optimism helped indexes rally into the close. WHAT YOU NEED TO KNOW: 1) A deal with…
