Here comes the flood. Stocks sold off yesterday in response to a collection of bad economic data. There was little, if any positive news to hold onto yesterday prompting a broad selloff in stocks. N O T E W O R T H Y Just tell me, I can take it. Yesterday was…
Party like it’s 2019. Stocks rallied sharply yesterday on news that the spread of the virus may be slowing. Good virus news outweighed bad economic data and traders jumped into the growth stocks that topped the charts in the past several years… and then some. N O T E W O R T…
Aftershock. Stocks struggled to continue last week’s rally, giving up ground ahead of earnings season. The energy sector gave mixed reviews to the OPEC+ production cut, which though historic, may not be deep enough to meet shrinking demand. N O T E W O R T H Y What’s in a number? It’s…
Reckoning? Stocks rallied last Thursday after the Fed announced another round of epic support. The positive news overshadowed a report that 6.05 million Americans filed for unemployment benefits in the prior week. N O T E W O R T H Y Oil is well that ends well. The past 18 months have…
Cautiously, carefully, optimistic. Stocks rallied yesterday, picking up steam throughout the session, on optimism that things may be getting a little better. Energy got a boost on hopes that talks scheduled for today will yield the supply cuts necessary to stabilize prices. N O T E W O R T H Y Step…
Hide and seek. Stocks put in a strong showing early in the session only to reverse their early gains to close in the red. With the large cap S&P500 on the verge of bull territory a steady stream of less-than-positive Coronavirus news caused traders to question their morning bull rush. N E W S W…
Curve curbed. Stocks rallied yesterday as investors cheered what appeared to be early signs of a slowdown in hotspot deaths. Spain and Italy, once at the center of the European outbreak, appear to be flattening while small signs of hope are emerging in New York. N O T E W O R T H…
Bitter pill. Investor sentiment soured on Friday after the monthly unemployment numbers came in far worse than expected. It wasn’t all bad news as crude oil enjoyed a healthy rally on hopes that the Saudis and Russians would meet up and end their costly spat. N O T E W O R T H…
Gusher. Stocks rallied yesterday on hopes that the President can work out a deal with the Saudis and the Russians to cut crude production. More than 6 million Americans filed for unemployment insurance last week, the largest weekly gain on record. N O T E W O R T H Y Energetic rise….
Up-ended. Stocks sold off in yesterday’s session as uncertainty around the path of the virus continued to instill fear in the markets. The President’s warning of a rough two weeks and the potential for 240,00 US deaths weighed heavily on risk assets yesterday. N O T E W O R T H Y …
