Game day. Stocks slid yesterday ahead of today’s big announcement as traders learned, via Twitter, that all may not be so good in Shanghai. The Fed will drive markets today, but yesterday it was all earnings and Trump… and maybe a touch of Brexit. MY TWO CENTS five, four, three, two, one, ignition……
Month: July 2019
The waiting game. Equities had a mixed day as traders awaited a Fed decision and a surge of economic and corporate data. With little domestic data to ponder traders turned their eyes overseas and were not sure they liked what they saw. MY TWO CENTS Cable is on the ropes! Cableis a term…
On high but shaky ground. Stocks were driven higher Friday on good earnings and strong economic data. Despite not all of Friday’s news being good, stock traders forged ahead to new highs for some indexes. MY TWO CENTS The big setup. Up until the barrage of earnings last week, expectations for Fed rate…
Rate debate. Stocks sold off yesterday on disappointing earnings and ECB ambiguity. Earnings misses after Wednesday’s close overshadowed positive ones in yesterday morning’s pre-bell procession and the ECB failed to provide true clarity on rates, causing markets to sell off. MY TWO CENTS As if you didn’t know by now… earnings matter, especially…
Forward march!! Stocks closed mixed yesterday with the S&P500 reaching a new all time high as investors sorted through a flood of mixed earnings. Weak economic data and Department of Justice inquiries were ignored with a yawn by unstoppable bulls. MY TWO CENTS What a difference an index can make. As we wade through…
A sea of green! Stocks rallied yesterday on news of a US-China face-to-face meeting and upbeat earnings. Traders were too excited to focus on anything bad yesterday, pushing stocks up close to their all time highs. MY TWO CENTS It really does come down to earnings. Yesterday’s market action was partially driven by…
Joyful sentiments. Stocks posted modest gains yesterday as investors continued to press go, knowing that the Fed will have their backs. With no real news, decent earnings, potential advances in trade discussions, and the upcoming Fed meeting traders bought stocks. MY TWO CENTS It plays like a broken record. With the rebirth…
Summer is here… on Wall Street. Stocks slumped on Friday as disappointed bulls received clarification from the NY Fed, that its President was not signaling a 50 basis point rate cut. Traders were too quick to react to a speech by a Fed official and were let down when the Fed felt the need to illuminate. MY…
Mixed signals. Stocks were up slightly yesterday amid mixed earnings and renewed trade fears. Stocks spent most of the day in the red but managed to climb into the black on the heels of some positive news in manufacturing and despite disappointing earnings releases. MY TWO CENTS Words mean a whole lot. Especially…
Days of reckoning. Stocks slipped yesterday as mixed earnings results, weak economic numbers, and trade fears gave traders reason for pause. Earnings season is here, and it’s time for companies to show their stuff. MY TWO CENTS Is a deal happening with China or not? With so much rhetoric in the form of…