High hopes. A bunch of talk along with hopes of a rate cut helped stocks weather a bad economic number and close in positive territory. Yesterday, stocks started the session under pressure but Administration announcements regarding trade cleared the way for a mid session rally in the equity markets. WHAT YOU NEED TO KNOW: 1)…
Health break. Stocks rallied yesterday on the wings of hope built from Trump comments and tweets. The President did his level best to give stock traders a cue to stop the slide in equities and traders responded positively. WHAT YOU NEED TO KNOW: 1) Yesterday’s rally was built on hope. Despite Trump’s claim that the…
Raise your weapon. It was a stormy day on Wall Street outside and inside the exchange as shares plunged in response to a Chinese tariff counterstrike. Investors’ optimism from Friday quickly vanished as China imposed a 25% tariff on $60 Billion in US exports and optimism turned to panic. WHAT YOU NEED TO KNOW: 1)…
Round and round it goes. Friday provided stock traders with another roller coaster ride as shares started the day down on a late night tariff hike only to roar back in the afternoon on news of progress in talks. A U-turn in stocks later in the session was engineered by a Presidential tweet capping off…
Hard hat area. Stocks took a wild ride yesterday opening down but getting a late session boost from a mention of a “beautiful” letter in a Trump press conference. Traders sold shares in the wake of Trump comments at a campaign rally with the threat of increased tariffs looming but things didn’t end up as…
The rattling of sabers. Stock traders were treated to a healthy dose of whipsaw yesterday as an early session rally turned into a late session selloff. An upbeat Trump tweet to start the day caused early buying which quickly faded as news that China was preparing countermeasures to tariffs scheduled to hit on Friday. WHAT…
It’s getting hot in here! Stocks fell sharply yesterday as trade fears just wouldn’t go away and the reality of a potential deal failure became a thing again. Traders just could not shake off the fears of a failed deal with China and started to do the math that eluded them on Monday. WHAT YOU…
A Game of Trade. Stocks futures were pummeled on a Presidential Tweet threatening increased tariffs causing stocks to open deeply in the red only to roar back later in the session as investors chose optimism as their thesis. Trump had done it before, a stinging threat on the verge of the closing of a deal…
Flying close to the sun. On Friday, stocks catapulted higher on a good jobs report, breaking a two-day losing streak. There was little question in the minds of traders on Friday as they traded stocks up on the positive economic news, though not all may be as it appeared on the surface. WHAT YOU NEED…
Don’t stop the music. Investors spent yesterday feeding their Fed disappointment with selling. Still disappointed in Jerome Powell’s Wednesday admission that the recent decline in inflation was transitory, traders sold sending large cap equity indexes down for a second day. WHAT YOU NEED TO KNOW: 1) Words ARE powerful! In my yesterday’s morning note I…
