Wall Street Not Worried About President Trump’s Trade Policy $DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street finished higher Tuesday in a broad-based rally as investors brushed aside trade rhetoric between the United States and China showing no fear, only cheer. All 3 major U.S. indexes closed higher following Monday’s pause to refresh. Late Monday, US […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, lots more US economic data this week. We will see the Empire PMI Monday and the Philly Fed Thursday. Housing starts, Existing home sales, Leading indicators also this week. The the major US major stock market indexes continue to trend higher and in the face […]
The Trump Economy Is ‘Killing It’ Right Now $DIA, $SPY, $QQQ, $RUTX, $VXX White House economic adviser Larry Kudlow urges all Americans to give President Donald Trump’s negotiating strategy more time because the “entire world” will benefit if all goes if planned because he “is doing the Lord’s work.” As evidence, Mr. Kudlow offers the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Lots more US economic data this week. Consumer credit, Small business sentiment, PPI, CPI, Fed Beige Book, retail sales, Production plus. The CPI is watched because of the FOMC and its rate hiking. Retail sales are watched as a barometer of the consumer, though inflation as we know […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The US markets will be closed Monday in celebration of Labor Day. Last Friday’s Wall Street action ahead of an extended Labor Day weekend was eventful in terms of trade-related headlines, but an uneventful one for the major US major stock market indexes averages, which […]
S&P 500 and NAS Comp Notch Record Highs Again $DIA, $SPY, $QQQ, $RUTX, $VXX There is room to run in the equity markets with more records being hit, especially with the momentum on trade. S&P 500 and the NAS Comp hit all-time highs for the 4th session running Wednesday, boosted by a rise in Amazon.com […]
US Stock Market Indexes Finished Flat to Little Changed $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the S&P 500 closed at a new record high for the 3rd session running. It was a range-bound trading day, with the S&P 500 keeping between -0.1% and +0.2%, and 7 of the 11 sectors finished in the Red. The […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Up this week: US Consumer Confidence, 2nd GDP read, Personal income and spending, Chicago PMI. Classic Fed interest rate moves miscalculations is always cause for concern, as the Fed is making its same mistakes: it sees an overall still strong economy, stocks still strong, and it ignores […]
On the Resolution of China and NAFTA Trade Talks US Stock See Next Leg North $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wharton School finance professor Jeremy Siegel advised savvy investors that the current Bull market could extend as much as 10% higher if the US were to settle its trade dust-up with China and reach a […]
S&P 500 Index Marks Longest Bull Run on Record $SPY, $DIA, $QQQ, $RUTX Wednesday, the major US stock indexes paused in trading, as the market marked the longest Bull run in history. Gainers in technology stocks, retailers and energy companies outweighed losses in industrial firms and elsewhere in the market. The S&P 500 held steady, […]
S&P 500 Marked Record High in the Longest Bull Market on Record $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the benchmark S&P 500 marked a record high, as US stocks rose on earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China. The S&P rose as much as […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Q-2 earnings is coming to a close, so lets look at the technicals DJIA leads as money rotates form tech’s to its blue chips Tech leaders topping, the rotation allows the move to continue; some leaders will soon drop out. DJIA: Thursday the DIA finished solidly higher, […]
Investors Bullish Stocks As This Long Bull Run Extends $DIA, $SPY, $QQQ, $RTUX, $VXX This longest Bull run on record has taken US stocks to record highs this year may be about to run further North, according to the latest survey of fund managers by Bank of America Merrill Lynch (BoAML). Allocations to US stocks […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Q-2 earnings is coming to a close, just as Key economic data coming up. This week we have: retail sales, Empire manufacturing and Philly Fed, industrial production and capacity, housing starts, leading indicators, and MSI. Data is important as it is important the US economy remain […]
Collapsing Turkish Lira Shakes World Stock Markets $DIA, $SPY, $QQQ, $RUTX, $VXX A plunging Turkish lira sent shock waves through global equity markets Friday, causing concerns over the financial health of lenders with heavy exposure to the economically-struggling country. The S&P 500 lost 0.7%, dropping into the red for the week (-0.3%), and the Nasdaq […]
US Producer Price Index Flat, Restraining Inflation Fears $DIA, $SPY, $QQQ, $RUTX, $VXX US wholesale prices were unchanged in July after 2 months of increases, indicating inflation pressures have softened a bit. Thursday, the Labor Department said that the PPI (producer price index) which measures price changes before they reach the consumer increased 3.3% last month […]
US Stocks Headed to Record Territory $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, US stocks advanced for a 4th session running, with the S&P 500 climbing 0.3% to 2858. The benchmark index is now within 0.5% of its 26 January record high. The tech-heavy NAS Comp climbed 0.3%, and the DJIA rose 0.5%. The S&P 500 […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, the big cap indexes are set up well. The small and mid-caps are near the old highs and testing. Earnings are set up, ready to drive this market North. The Technicals DJIA: The DIA struggled more on the trade issues than did the S&P […]
The Race is On to Join the ‘Trillion Dollar Club’ $DIA, $SPY, $QQQ, $RUTX, $VXX Amazon, Microsoft and Alphabet are in the race to become the 2nd publicly-listed US company to reach a $1-T stock market value after Apple (NASDAQ:AAPL) became the 1st to race to the Big T milestone. Wall Street’s optimism about last […]
Apple (NASDAQ:AAPL) and Tech Giants are Top 5 in Value $DIA, $SPY, $QQQ, $RUTX, $VXX, $AAPL Thursday, Apple (NASDAQ:AAPL) became the 1st public company to exceed $1-T in market cap, just 2 days after reporting better-than-expected Quarterly earnings. The personal technology giant is known for the iPhone smartphone, tablet and Macbook laptops, as well as […]
China Back at the US Trade Negotiations Table $DIA, $SPY, $QQQ, $RUTX, $VXX The US and China are working restart talks to avert trade war between the world’s 2 largest economies. Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage […]
President Trump’s Tax Cut, Deregulation Have ‘Accelerated Growth’ $DIA, $SPY, $QQQ, $RUTX, $VXX Monday JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Monday that President Donald Trump’s tax cuts, along with some of his other efforts, have helped out the U.S. economy. “Presidents get a lot of credit [and] a lot of blame […]
Deep Insight: DJIA Vs Gold $DIA, $GLD, $SLV Gold and Dow Jones’ Step Sum Symmetry The Dow Jones Industrial Average (DIA) has broken above its BEV -5% line in the Bear’s Eye View chart below, closing the week only 4.38% from making a new BEV Zero, (new all-time high). T Be bulls deserve a big Bravo […]
US Housing Market Lagged in June $DIA, $SPY, $QQQ, $RUTX, $VXX US home sales fell in June, posting their 3rd straight monthly decliner as a shortage of properties on the market drove house prices to a record high. The report from the National Association of Realtors added to last week’s soft home-building data in suggesting that the […]
US Stocks Still in a Bull Market $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks continue their low-volatility, Bull-market run higher, tuning out all of the Noise. The 2,800 mark on the S&P 500 has been bested 4 sessions in a row on a closing basis. That mark is acting as a floor during pullbacks. The […]
Atlanta Fed: “US Economy Growing at 4.5% Annualized Rate” $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, the Atlanta Fed announced that the US economy is growing at a 4.5% annualized rate in Q-2 following the latest data on strong retail-sales data, the GDPNow forecast model showed. The latest estimate on GDP growth is faster than the […]
Many US Industries Will Thrive During Trade Tensions $DIA, $SPY, $QQQ, $RUTX,$ VXX Several US industries are set to withstand the trade dust-up or even thrive, according to US financial services firm Cowen and Company. China’s recent revisions to tariffs have a clear benefit to luxury retailers, Cowen analysts said in its report. While the […]
The Bulls are In Charge, DJIA Catching Up $DIA,$SPY, $QQQ, $RUTX, $VXX Stocks Up and Treasuries Down Investors are focused on the start of the earnings season which begins unofficially Friday The S&P 500 Index gained for a 4th day running, the longest streak since the beginning of June on moderate volume. PepsiCo Inc. (NYSE:PEP) […]
US Markets are Comfortable, Now Focused on Earnings $DIA, $SPY, $QQQ, $RUTX, $VXX Carry-over momentum from S&P 500 breakout last Thursday drives stocks higher for 3rd session running Top-weighted tech group under-performs, keeping gainers in check Cyclical financials, industrials, and energy groups soar Traders satisfied the President Trump is focused on the business of America […]
President Trump’s $500-B Trade Threat Hammering China Investors $DIA, $SPY, $QQQ, $RUTX, $VXX Now, with 6 months of wrangling over trade tariffs with the United States has wiped out 22% and counting of China’s stock market value and driven its currency down sharply. Those moves are just the beginning on what may be coming. Shanghai’s benchmark […]
Bulls Own the Post July 4th Stock Market Action $DIA, $SPY, $QQQ, $RUTX, $VXX A casualties of the tariff dust up has been the power of corporate profits to energize stocks. Now another earnings season is here, and we are still hearing from pundits that investors obsessing over trade. It has been The Story of […]
US Manufacturing Grows on Strong Demand $DIA, $SPY, $QQQ, $RUTX, $VXX The data moved the market due North Tuesday’s trading session will end early (1:00p EDT), and markets will be closed on Wednesday for the 4th of July Holiday in the US. A measure of US manufacturing activity surged in June likely as steel and […]
DJIA Off, Amazon Falls on Taxed Shopping Concern $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks fell Thursday, with the DJIA (DIa) marking an 8th straight decliner, as industrials softened again on trade concerns while Amazon (NASDAQ:AMZN) and other online retailers weakened after a US Supreme Court ruling on state sales tax collection. Amazon dropped as […]
NAS Comp Marks Another Record High Close, Trade Concerns Dampen DJIA $DIA, $SPY, $QQQ, $RUTX, $VXX China Cannot Win a Tit for Tat Trade War With the US President Donald Trump’s threat to impose a 10% tariff on $200-B of Chinese goods, triggering a tit-for-tat trade war with Beijing, is “extremely good news for the […]
Looking at the DJIA Vs Gold and Silver Long Term $DIA, $GLD, $SLV, $MTAFF It is time to reduce exposure to Wall Street and shift the proceeds into Gold, Silver, the precious metals mining companies and the royalty streamers. Let us have a look at the 21st Century Bear markets. The high-tech dot.com bubble ultimately deflated […]
US Economy Can Absorb Hit From China Tensions $DIA, $SPY, $QQQ, $RUTX, $VXX Now is the right time to pressure China on its trade policies because the US economy is strong enough to absorb uncertainty arising from bi-lateral tensions, White House Council of Economic Advisers Chairman Kevin Hassett said Monday. Mr. Hassett spoke after President […]
American’s Charitable Giving Tops $400-B $DIA, $SPY, $QQQ, $RUTX, $VXX Driven by a rising stock market and huge gifts from billionaires, charitable giving in the United States in Y 2017 topped the $400-B mark for the 1st time. The Giving USA report, released Tuesday, said giving from individuals, estates, foundations and corporations reached an estimated […]
Investors See a Rate Hike From the FOMC Wednesday $DIA, $SPY, $QQQ, $RUTX, $VXX Retail investors are not waiting to see inflation coming, they know it is here. And are moving money into securities that hedge against risks of rising price pressures as the U Labor Department is set to give its latest reading on […]
The Next 5 Years Dow Jones Industrial Average or the Barron’s Gold Mining Index? $DIA, $GLD, $SLV The Dow Jones Industrial Average (DIA) closed the week with its BEV plot under -5% for the 1st time since early March. No small thing for the Bulls, seeing the Dow’s BEV plot rising towards its BEV Zero […]
President Trump’s Tough Talk Driving US Stock Market $DIA, $SPY, $QQQ, $RUTX, $VXX Fears of a trade war is giving boost to some of the smallest companies in the market as well as some of the biggest technology companies. For over 3 months, investors have focused on US negotiations with trading partners including China, Europe, […]
US Labor Market Tightens, Jobless Claims Fall $DIA, $SPY, $QQQ, $RUTX, $VXX The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in labor market conditions. The robust US labor market and firming inflation have cemented expectations the Fed will raise interest rates next week at the FOMC meeting. […]
The Trump Effect: US Trade Deficit Falls on Record Exports, Market Soars $DIA, $SPY, $QQQ, $RUTX, $VXX The US trade deficit fell to a 7-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans. The US Commerce Department said on Wednesday the trade gap dropped […]
NASDAQ Marks Another All Time High $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday as investors were encouraged by US economic data, driving the NASDAQ to finish at another at record high for the 2nd day running, as the technology and consumer discretionary sectors outpreformed Investors remain a bit wary about trade discussions, with Mexico imposing tariffs […]
This Bull Market is Alive, Small Caps are Running Too $DIA, $SPY, $QQQ, $RUTX, $VXX Tune out the Noise! The President talks tough on trade and the stock market like it. This Bull is running and will only continue to climb higher under US President Donald Trump. The new leadership is set up and the […]
US Imposes Tariffs on Steel and Aluminum from EU, Canada, Mexico $DIA, $SPY, $QQQ, $VXX The US stock market returned to negative territory for the week Thursday, giving back much of Wednesday’s high bounce, as investors digested tariff-related headlines and looked ahead to Friday’s release of the Employment Situation report for May. Thursday, The Trump […]
Uncertainty in the EU, Rattles US Stock Market $DIA, SPY, $QQQ, $VXX Simply put, Italy has fallen out of love with the Euro! The DJIA and S&P 500 posted their biggest 1-day percentage decliners in a month Tuesday as political and financial turmoil in Italy triggered concerns about the stability of the Eurozone, shares of […]
Investors are Pouring Money into Stock Funds $DIA, $SPY, $QQQ, $VXX Investors poured money into US ETFs (stock exchange-traded funds) during the latest week, restoring a Key pillar of support for markets, data from the Investment Company Institute showed. US-based equity ETFs collected $11.2-B during the week through 16 May, according to the ICI trade group, the […]
President Trump, “Big news coming for American Autoworkers” $DIA, $SPY, $QQQ, $VXX US President Donald Trump said that “big news” was coming that would be welcomed by US auto workers, and he suggested it was somehow linked to NAFTA trade talks. “There will be big news coming soon for our great American Autoworkers. After many […]
Americans Report Stronger Finances in President Trump’s 1st Year $DIA, $SPY, $QQQ, $VXX The percentage of Americans who report they are doing “at least Okay” financially rose in President Donald Trump’s 1st year in office, according to Fed data published Tuesday. The data was in line with other readings detailing America’s long recovery from the […]
Investors Rotated $9-B into US Small Cap Stocks $RUTX, $SPY Last week investor plowed $9-B into US small cap stocks it was a good week. Russell 2000 +5.9% YTD S&P 500 +1.5% YTD Small-cap stocks are showing well in here, even as the benchmark 10-yr T-Note yield rose to a 7-year high. US Treasuries Yield Check […]
Expect Crude Oil Prices to Cool, $80 bbl ‘Unhealthy’ $DIA, $SPY, $QQQ, $USO, $OIL, $VXX BP (NYSE:BP) CEO Bob Dudley expects a flood of US Shale Oil, and the reopening of OPEC taps to cool the Crude Oil market after price rose above $80 bbl this week. US President Donald Trump’s decision to exit an […]
US Unemployment Rolls Smallest in 45 Years $DIA, $SPY, $QQQ, $VXX Thursday, the US economic data showed an acceleration in mid-Atlantic factory activity this month, with manufacturers saying they were boosting employment and asking for higher prices for their products. The combination of a tightening labor market and firming inflation bolsters expectations the Fed will […]
Broad Based Rally, Small Cap Stocks Lead $DIA, $SPY, $RUTX, $QQQ, $VXX Wall Street’s small caps are beating the The Street The small-cap Russell 2000 finished + 1.0%, closing at a new all-time high Wednesday’s broad based rally saw shares of smaller, domestically focused companies showing strength. The small-cap Russell 2000 finished + 1.0%, finishing […]
Fed’s Williams Sees ‘Neutral’ Interest Rate Lower, Longer $DIA, $SPY, $QQQ, $VXX Stocks dip following a the strong start to the month Treasury’s benchmark 10-yr yield above 3.00% Tuesday, Mr. Williams, who will take the helm of the New York Fed on 18 June, said that inflation is nearing the central bank’s 2% target after […]
Big Caps Capture the News, Small Caps Beat ‘The Street’ $DIA, $SPY, $QQQ, $SPN President Trump’s historic tax reform driving Small Cap rally Wall Street’s small caps are beating the The Street trading with 2 percentage points of the recent record highs at 1,615.5 on the Russell 2000 The Russell 2000 (RUTX) tracks US small […]
US Consumer Sentiment Running High and Higher $DIA, $SPY, $QQQ, $VXX US consumer sentiment held steady on a gain in American household expectations, according to a University of Michigan report Friday. The MSI held steady at a solid 98.8 for preliminary May, the University of Michigan’s Consumer Survey Center reported. The comparable April reading was also […]
Stocks Break Out, Gold Bulls Patiently Await ‘Turmoil’ $DIA, $SPY, $QQQ, $VXX, $GLD The Gold market is greeting geopolitical turmoil with a Yawn, as stocks made a strong move North on with the S&P 500 and the NAS Comp each + 1.0%, and the DJIA advancing 0.8%. The precious Yellow metal has dropped for 3 weeks […]
JOLTS Spike, Wage Growth and Inflation Ahead $DIA, $SPY, $QQQ, $VXX US job openings aka JOLTS rose to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers having difficulties finding qualified workers. The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department […]
Look Ahead, Overcome Investing Fear, Win! $DIA, $SPY, $QQQ, $VXX A whole lot of people are fearful about investing in stocks, especially if they have invested little or nothing in the market. The media pundits fill the air with conflicting messages about whether the stock market will continue hitting new highs or is a house […]
US Unemployment Lowest Since 2000, Market Rallies $DIA, $SPY, $QQQ, $VXX Friday, US President Donald Trump touted the nation’s low unemployment rating and hit out at the ongoing investigation into his campaign’s ties to Russia in a Tweet. The unemployment rate fell to 3.9% for the 1st time since Y 2000, according to the Department […]
In a Volatile Market Pay Attention, Keep Cool, Do Not Overreact $DIA, $SPY, $QQQ, $VXX Stocks rebound sharply off session lows, benchmark S&P 500 broke back above 200-day MA Heavily-weighted financial sector under-performs as yields decline across the curve Investors cautious ahead of Friday’s release of the April NFPs report Some tips for new investors that […]
This Market Could Be Saying ‘Buy in May’ $DIA, $SPY, $QQQ, $VXX An “upside-down” market may bode well for U.S. stocks, according to JPMorgan (NYSE:JPM). Established patterns look to be off in here, as bonds and equities move in tandem, stock prices climb along with volatility, shares fall despite strong earnings, and money flowed out […]
US Consumer Prices Rise, Inflation Ahead $DIA, $SPY, $QQQ, $VXX US consumer prices (PCE) rose March YTD, with a measure of underlying inflation moving to the Fed’s 2% target. Monday, the rise in the annual inflation gauges reported by the Commerce Department was seen by economists and Fed officials, it is not expected to alter the gradual […]
Big Tech Rallies, US Indexes Rise $DIA, $SPY, $QQQ, $VXX US stocks are rising Thursday as Facebook (NASDAQ:FB) led a big rally in technology. The social media platform rose on strong business in Q-1. Other big technology companies also moved higher, as did retailers. Chipotle Mexican Grill, Ford and Visa also rose after they gave […]
The US Stock Market Remains in Consolidation Mode $DIA, $SPY, $QQQ, $VXX, $USO The Bull has paused to refresh Fundamentals are Strong Interest rates are low Some pundits are saying that the world markets entered Y 2018 speculating that the most synchronized global economic expansion in a decade was going to get to Hot, but […]
The US 10yr Yield is the Global Benchmark, Do Not Fear It $DIA, $SPY, $QQQ, $VXX Growth-sensitive groups like industrials, materials, and technology lead the broad retreat Tuesday At the close: the DJIA -424 pts, or 1.7%, at 24,024, the S&P 500 -36 pts, or 1.3%, at 2,6234, and the NAS Comp -121 pts, or […]
Savvy Managed Money Is Paying Attention to Stocks Aimed a Millennials $DIA, $SPY, $QQQ, $VXX Monday, hedge fund managers, aka Managed Money, at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas ranging from online food ordering to home-builders that should benefit from the growing influence of the millennial generation. Millennials, a […]
Stocks ‘Pause to Refresh’, Bitcoin Rallies $DIA, $SPY, $QQQ, $BTCUSD Bitcoin closed in on its 1st back-to-back weekly gainer this year US Stocks retreated for the 2nd day running Friday Digital assets moved higher Friday as the appetite for currencies expands. Currently, Bitcoin is trading at: 8,517.8154, +218.811, or +2.64%, as of 9:53p BST, the market is […]
‘Fearless Girl’ Moving to the NYSE $DIA, $SPY, $QQQ, $VXX The “Fearless Girl” statue near Wall Street that has become a global symbol of female can-do business spirit will be moved from her place facing the “Charging Bull” to a location by the New York Stock Exchange (NYSE). The ‘ponytailed girl’ in a windblown dress […]
US Economy Looks ‘Awfully Good,’ Will Grow Under President Trump $DIA, $SPY, $QQQ, $VXX Goldman Sachs (NYSE:GS) CEO Lloyd Blankfein is very optimistic about the future under President Donald Trump, declaring that the economy looks “awfully good.” He explained that inflation remains low, causing interest rates and commodity prices to be lower than they normally […]
The Trump Effect on US Economy is Powerful $DIA, $SPY, $QQQ, $VXX Since Trump’s recent tax-reform bill repealed the Obama penalties of the “Individual Mandate,” there is disposable income for working families to use toward investing, not just spending. The Trump Tax Plan will also create more cash to invest for W-2 workers each payday. Plus, the […]
President Trump’s Tax Policies Take Hold, DJIA Cracked Key Resistance $DIA, $SPY, $QQQ, $VXX President Trump’s Tax Cuts are Awesome The S&P 500 finished higher by 0.8% at 2677.84 after crack its 50-D MA at 2687. The DJIA and the NAS Com also finished a just below their 50-Day MA, adding 0.9% and 0.7%, respectively […]
Wall Street, the Week in Review $DIA, $SPY, $QQQ, $VXX Wall Street had a good week in terms of gainerss, but volume was light, pointing to a lack of conviction among investors who spent the week digesting MSM’s headlines. The tech-heavy NAS Comp led the major indices higher, adding 2.8%, while the S&P 500 and […]
US Stocks in Consolidation Mode, Not in Bear Market $DIA, $SPY, $QQQ, $VXX Thursday, US stocks bounced, as expectations that lower US taxes will drive corporate earnings added to fading worries about a US military conflict with Russia in Syria. We are seeing some early optimism ahead of earnings season’s kick-off Friday, and there no […]
The ‘Trade War’ is Over Before it Started $DIA, $SPY, $QQQ, $VXX The Trump Trade policies look to me like they are working, so… If the trade war is over before it even began, then the US stock market should be set up for another a sigh of relief and a new rally that will […]
“China Is the Problem. President Trump Is the Solution” $DIA, $SPY, $QQQ, $VXX White House economic adviser Larry Kudlow rejects the notion that the world is in a trade war, pointing out that China is the reason for escalating tensions. “China is the problem. President Trump is the solution,” Mr. Kudlow said in a TV […]
Trade War Fears Off, Risk On $DIA, $SPY, $QQQ, $VXX Global stock indexes rose Thursday as investors around the world grew more optimistic that a trade dispute between the US and China will resolve without much damage. In the US financials retailers posted some of the biggest gains. The rally started Wednesday as American and […]
US Not in a Trade War with China, Market Knows It, Surges $DIA, $SPY, $QQQ, $VXX Wednesday, US President Donald Trump said that the United States was not in a trade war with China, after Beijing slapped tariffs on a list of US imports in retaliation for similar duties levied by the White House 1 […]
Americans Rate President Trump Highest on Economy, Wall Street Responds $DIA, $SPY, $QQQ, $VXX Americans evenly divided in their opinions of how President Donald Trump is handling the economy with 46% saying he is doing a good job and 47% saying he is doing a poor job of making the US prosperous, according to researcher Gallup. […]
US Jobless Claims Fall, US Stocks Soar $DIA, $SPY, $QQQ, $VXX Markets in the US and Europe will be closed tomorrow for Good Friday and some world markets will also be closed on Monday. Oversold technology shares bounced Thursday, leading a broad rally on Wall Street, as investors kicked off the extended Easter weekend on […]
US Pending Home Sales + 3.1% in February $DIA, $SPY, $QQQ, $VXX Americans are signing contracts to buy homes, and the pace is + 3.1%, rebounding from a drop in January. A continuing shortage of homes on the market continues to weigh on the housing market. The National Association of Realtors (NAR) said Wednesday that […]
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 […]
Financials and Technology Lead Market Rebound $DIA, $SPY, $QQQ, $VXX The S&P 500 Index rose 2.7% at the close of trading in New York Monday Chipmakers and Banks led gains as the S&P 500 Index posted its biggest 1-day gainer since August 2015, 20 stocks climbed for each 1 that fell. The bounce erased Friday’s […]
People are asking: “Has this market topped.” $DIA, $GLD, $SLV Since February 8th when the Dow Jones broke below its -10% BEV line in the chart below, it’s been building a pennant formation. I don’t know how significant it will be when the BEV plot breaks above or below the pennant, as technical analysis in today’s […]
World Markets Fell This Week, Investors Fear Trade Wars $DIA, $SPY, $QQQ, $VXX The world’s stock markets fell Friday on investor fears that a trade conflict between the US and China might would escalate. A 3nd day of losses pushed US stocks to their worst week in 2 years. So far, China’s response to the […]
DJIA Finished Off 724 Points, Markets Do Not Like Trade Wars $DIA, $SPY, $QQQ, $VXX The DJIA fell more than 700 pts on trade fears, tumbling back into correction territory as US stocks plunged the most in 6 weeks amid the threat of an escalating trade war with China that has the potential to disrupt global growth. At […]
Fed Hikes, Stocks Fall, Gold Rises $DIA, $SPY, $QQQ, $GLD Stocks swung sharply Wednesday afternoon following the release of the FOMC’s policy directive, which increased the fed funds target range by 25 bpts to 1.50%-1.75%. Overall the hike was priced in ahead of the Fed’s expected move. The S&P 500, the NAS Comp, and the […]
Investors ‘Animal Spirit’ Elevated on President Trump’s Leadership $DIA, $SPY, $QQQ, $VXX It has been 14 months since the election victory of President Donald Trump on 8 November 2016. The surprising upset of Hillary R. Clinton awakened Americans “animal spirits” on the economy and risk on investments, they are still aroused. The hard data that […]
Stocks Declined Globally as Expected, FB a Non-issue $DIA, $SPY, $QQQ, $VXX Monday, stocks declined globally as expected, as a technology selloff sent the NAS indexes South of their lofty highs. Government bonds pared losses, Sterling rose on a Brexit breakthrough. Reports of a Facebook Inc. (NASDAQ:FB) data breach and Apple Inc. (NASDAQ:AAPL) efforts to […]
US Businesses Now Open to Hiring More Than 6-M Workers $DIA, $SPY, $QQQ, $VXX US employers ramped up their demand for workers in January, advertising 6.3-M jobs at the end of the month, the most on records dating back 17 years. The Labor Department says the number of job opening soared 645,000 in January, the largest 1-month […]
US Jobless Claims Fall for 3rd Time in 4 Weeks $DIA, $SPY, $QQQ, $VXX US filings for unemployment benefits fell for the 3rd time in 4 weeks and remain near the lowest level in 48 years, underscoring tightness in the job market, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week Ended 10 March) […]
Dow Jones Industrial Average and the Barron’s Gold Mining Index $DIA, $GLD A 98 Year Examination Looking at the market at the close last week, apparently the “policy makers” have once again gotten a handle on the financial markets. In the Dow Jones BEV chart below it did correct 10%; but only for one day, […]
US Retail Sales Slide for 3rd Month Running, Inflation Edges Up $DIA, $SPY, $QQQ, $VXX US retail sales fell for a 3rd straight month in February as households cut back on purchases of motor vehicles and other big-ticket items. Despite signs of cooling in consumer spending, inflation pressures are building, which may allow the Fed […]
US Bull Market Turned 9 Friday, a Happy Day for the Bulls $DIA, $SPY, $QQQ Friday, the 2nd longest US Bull Market since WWII turned 9 anni. It began precisely at 1.00p EST on 9 March 2009 when all 3 of the major US stock market indexes bottoms and bounced in unison. A very rare […]
US Household Household Wealth is “at pretty dizzying levels right now” $DIA, $SPY, $JPM Americans’ wealth rose more than $2-T in Q-4 of last year, pushing further into record territory, thanks to The Trump Bull Market and rising property prices, data from the Fed showed Thursday. According to the Quarterly Fed report, household net worth, […]
President Trump’s Tariffs Announced, Market Jumps $DIA, $SPY, $QQQ, $VXX US stock finished higher Thursday as investors awaited President Trump’s official approval of tariffs on steel and aluminum imports, which he gave just minutes before the close. The S&P 500 finished with a gainer of 0.5%, closing at its best mark of the day, while […]
US Stocks Begin the Week on a High Note $DJIA, $SPY, $QQQ, $VXX US stocks opened this week higher Monday, reclaiming about 50% of last week’s losses as Friday’s rally extended. The DJIA led the rally + 1.4%, the S&P 500 and the NAS Comp climbed 1.1% and 1.0%, respectively, the small-cap Russell 2000 added […]
S&P 500 Finished Higher, Bonds Tumble $DIA, $SPY, $QQQ, $VXX US stocks ended Friday’s session higher, paring, as savvy investors believe that President Trump’s tough tariff talk will not translate into the most severe protectionist policies. Treasuries slumped as the Buck fell. The S&P 500 Index finish near session highs paring its weekly decliner to […]
US Market Looking for Technical Confirmation $DIA, $SPY, $QQQ, $VXX Tuesday, the DJIA and S&P 500 fell ending a 6-session winning streak Markets have been choppy in recent weeks, correcting 10% from their 26 January high only to rebound last week with their best weekly gains in 5 years. Tuesday’s declines pushed the S&P 500 […]
The Trump Effect Continues, Consumer Sentiment Spikes, Stocks Recover $DIA, $SPY, $QQQ, $VXX US consumer sentiment rose in February to the 2nd-highest mark since Y 2004 as tax cuts and a strong job market helped Americans shrug off stock-market volatility, a University of Michigan survey showed Friday. Highlights of Michigan Sentiment (February, Preliminary) Sentiment index rose to […]