U.S. equities have been in rally mode and the VIX is providing confirmation. That doesn’t make any sense now does it? Seeing how the VIX is completely reactionary it should be an example of equities/major averages/dog wagging the VIX/tail. Nonetheless as the major averages have been responding favorably to the early innings of earnings season,…
U.S. monthly retail sales reversed a 3-month trend of negative MoM results during the month of March as reported yesterday. Sales at U.S. retailers rose 0.6% in March, the Commerce Department reported Monday. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores, though a bout of…
Closing out the 1st week of earnings season found the major averages higher last week. In the wake of earnings results from Citigroup, Wells Fargo, Blackrock and JP Morgan Chase, however, investors found the earnings reports to be a sell the news type of event. While we’re not going to get into the individual reports…
Closing out the 1st week of earnings season found the major averages higher last week. In the wake of earnings results from Citigroup, Wells Fargo, Blackrock and JP Morgan Chase, however, investors found the earnings reports to be a sell the news type of event. While we’re not going to get into the individual reports…...
U.S. stocks closed with gains on Thursday and look to finish the week higher after several weeks of downward to sideways action on Wall Street. The Dow Jones Industrial Average rose 1.2%, or 293.60 points, to 24,483.05. The S&P 500 ended up 21.80 points, or 0.8%, to 2,663.99. The Nasdaq Composite Index was up 71.22 points,…
Yesterday’s inflation data was not received well by equity investors with the core CPI data coming in a little hotter than expected. Having said that, the 10-year yield didn’t respond with a sharp move in either direction, finishing the day at under 2.8% again. The consumer price index fell slightly in March to mark the…
Equity markets rallied yesterday with U.S. equities finishing sharply higher. Stocks rallied after China presented a less-aggressive stance in trade tensions with the United States. The Dow Jones Industrial Average jumped 428.90 points, or 1.8%, to 24,408.00. The S&P 500 finished 43.71 points, or 1.7%, higher to 2,656.87. The Nasdaq Composite Index climbed 143.96 points to 7,094.30, a…
U.S. equity markets are seemingly on a never-ending roller coaster ride. Yesterday’s major indices expressed this sentiment yet again. At the peak of the trading session, the Dow Jones Industrial Average spiked 1.8% while the S&P 500 index had been up 1.9%. The Nasdaq Composite Index jumped 2.3% at its session high. All 3 major indices ended well…
As an investor, when contemplating the words in the geopolitical and macro realm, deciphering words and verbiage can be critical to a portfolio’s performance. The geopolitical environment investors are forced to consider this year likely outweighs that which one had to consider in the more recent past or during previous U.S. administrations. The last couple…
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