Stocks Selloff in Leadership Change, Tech’s Under Pressure

Stocks Selloff in Leadership Change, Tech’s Under Pressure

Stocks Selloff in Leadership Change, Tech’s Under Pressure $DIA, $SPY, $QQQ, $VXX Monday, the selloff in technology majors deepened wiping out the tech-heavy NAS index’s gains for the year and pushing the benchmark S&P 500 below a Key technical mark for the 1st time in nearly 2 months. All the 11 major S&P sectors were […]

Selloff in Tech Dragged Broad Market Lower

Selloff in Tech Dragged Broad Market Lower

Selloff in Tech Dragged Broad Market Lower $DIA, $SPY, $QQQ, $VXX US stocks came under pressure in late-afternoon trade Tuesday, as a selloff in the technology sector weighed on Wall Street equities as the market prepares for the Month/Quarter end Squaring. A selloff in technology shares drove US equity indexes lower, with losses accelerating late […]

The Stock Market, “Nothing New Under the Sun.”

The Stock Market, “Nothing New Under the Sun.”

The Stock Market, “Nothing New Under the Sun.” $DIA, $SPY, $QQQ, $VXX  The DJIA dove almost 1,600 points, bottomed and bounced, as expected. Late Monday afternoon, Tom Farley, President of the New York Stock Exchange, said the stock market functioned correctly despite the tumult late in the afternoon. “There’s nothing new under the Sun.” The […]

Analysts See End of the Year Weakness in Bitcoin Price

Analysts See End of the Year Weakness in Bitcoin Price

Analysts See End of the Year Weakness in Bitcoin Price $BTCUSD ,$CME, $JPY Bitcoin, the biggest cryptocurrency, extended its decline over the Christmas Holiday weekend, failing to reverse a selloff that began after an unprecedented rally fell short of cracking the $20,000 mark. The fall is expected to bring more end-of-year weakness to a market […]

FOMC Schedules Asset “Normalization” as Expected

FOMC Schedules Asset “Normalization” as Expected

FOMC Schedules Asset “Normalization” as Expected Federal Reserve officials set an October start for shrinking their $4.5-T of assets, moving to unwind a pillar of their crisis-era support for the economy. FOMC forecasts 1 more interest-rate hike later this year, saying storm damage will have a temporary impact on the economy. “Hurricanes Harvey, Irma and […]

“Risk Off” as Investors Fear Global Growth Slowing

“Risk Off” as Investors Fear Global Growth Slowing

“Risk Off” as Investors Fear Global Growth Slowing $DIA, $SPY, $QQQ, $VXX Investors are selling off risky assets from their portfolios because of falling global GDP expectations, driven by China’s slowing growth, and the hotting up US Presidential race. Friday, global growth worries and a sharp decline in Crude Oil prices sent fear through Wall […]