Crude language. Stocks climbed yesterday on troubles in the Gulf and gaining hopes for a Fed rate cut. It was another twisted case of bad is good as stocks climbed on news of two tankers being torpedoed at the mouth of the Persian Gulf sending energy shares higher yesterday. MY TWO CENTS Tariffs…
Flash Point! Stocks slumped yesterday as tensions about trade ran high and energy continued to slip. Stocks could not muster the positive spirits for a second day in a row as traders cross their fingers for a trade deal and a Fed move. MY TWO CENTS Another data point on inflation. Yesterday’s CPI…
Takin’ it slow. Stocks ended their winning streak yesterday as traders pondered trade war impacts and Fed policy. With very little news to consume, investors relied on China policy and twitter to drive the market. MY TWO CENTS Twitter is the new tape. Yesterday was a light news day and the Federal Reserve…
Up-timism. Traders were optimistic in the wake of Trump’s decision to drop his tariff threat to Mexico and they took stocks up for a fifth straight session. Despite early session excitement the still-looming threat of the Chinese trade dispute dampened the rally and stocks closed off their session highs. MY TWO CENTS …
Bad is the new good! Stocks surged on Friday with increased hopes of a Fed rate cut. A soft jobs number was perceived as the final straw to push the Fed over the easing line. MY TWO CENTS In a relationship. WHILE YOU SLEPT, the Trump Administration announced that the Mexican government agreed to…
Rate fate. Stocks climbed for a third straight session as rumors emerged that the Administration would delay the onset of Mexican tariffs. Investors continue to ponder rate cuts in the wake of dovish-ish comments by the Fed and they feel emboldened. MY TWO CENTS It’s not just the stock market that appears to be…
Rate-cut fever, part 2. Yesterday, stocks surged for a second day as investors continued to celebrate Chairman Powell’s awkwardly worded Tuesday speech. Stock traders were looking for reasons to buy stocks and they found it in the Fed. MY TWO CENTS Investors are really, really counting on a Fed rate cut. If Tuesday’s bullish market…
Yay for Jay! Stocks were propelled upward yesterday after dovish comments by Fed Chief Jerome “Jay” Powell. Traders were given hope that rate cuts are forthcoming so they bought oversold tech stocks. MY TWO CENTS The Fed is flexible… very flexible. The Fed Chairman spoke at a Chicago Fed Conference yesterday and suggested…
Tech wreck! Stocks closed mixed yesterday as fear surrounding the tech and communications sectors riddled the market. Washington’s recent actions in trade relations are building up pressure on the Fed to reconsider its monetary policy. MY TWO CENTS Technology and communication services are in the crosshairs. Tech giants were the mainstays of the…
A spanner in the works! Stocks fell on Friday in response to the Administration’s announcement that the US will levy a 10% tariff on Mexican imports. A new front in the trade war took investors by surprise causing a selloff in equities. MY TWO CENTS The trade war is growing! WHILE YOU SLEPT, the…
