Well, the economic data released today was anything but favorable and yet the market, for now, is seemingly shrugging off the data. Everyone was waiting with bated breadth for the inflationary data coming into today’s market trade, hoping for a benign reading. But what they got was worse than expected in the way of CPI.…
Can U.S. equities stay on track with a 4th consecutive day of gains and after a severe correction? While the magnitude of the correction was an average 12% for the Dow Industrial Average and S&P 500, how quickly it achieved correction territory and with such extreme volatility found itself with great fear in the market…
After two strong market performance days, Tuesday is looking like yet another reversal with U.S. equity futures in the red ahead of the market open. The Dow, Nasdaq and benchmark S&P 500 all finished higher by more than 1.3% in Monday’s trading session and after the White House revealed the budget. President Donald Trump unveiled…
After last week’s measured action against extremes, U.S. equities look poised to rebound. The downturn in U.S. equities last week ended a streak of 404 trading days without a 5% pullback in stock prices from the previous high. That marked the longest such streak in market history, an extreme. The S&P 500 closed on Friday…
Last week was a measured action against extremes. The downturn in U.S. equities last week ended a streak of 404 trading days without a 5% pullback in stock prices from the previous high. That marked the longest such streak in market history, an extreme. The S&P 500 closed on Friday at 2619.55, rallying 1.5%…...
The major averages are now in correction territory. The Dow Industrial Average fell more than 1,000 points Thursday and for the 2nd time this year, or 4.15%, extending its recent selloff to more than 10 percent. Beyond 20% and we’re officially in a bear market. “The extent of the drop depends on whether people focus…
“After VIX shot up 100 percent, the largest move in its history, to 35.73 on Monday, Mr. Golden acknowledged that he was feeling some pain.” The quote was taken from the New York Times and for which I always, always hate to see the words Mr. Golden. Not quite what you may have expected to…
U.S. equity markets rallied higher in late trading yesterday and after a hard and steep fall in the prior two trading sessions. On Tuesday, the Dow jumped by 567 points, or 2.3%, for its biggest percentage gain in two years. The S&P 500 closed 1.7% higher on Tuesday, while the Nasdaq Composite gained 2.1 percent. But after strong…
The global equity market sell-off is showing signs of continuation into its 3rd consecutive trading day. Asian markets were hit heavily overnight with The Nikkei 225 index sliding 4.7% as most Asian markets finished in the red. Hong Kong’s Hang Seng Index logged a 5.1% decline, following the lead from U.S. markets. In a deeply troubling…
As expected and unfortunately, depending on your market outlook and desired positioning, the major averages are pointing to a sharply negative open. A global stock selloff was underway Monday, as European stocks opened sharply lower. In Asia, selling was widespread, with Japanese stocks suffering their biggest decline since November 2016. This after a major market…
