The Grand Market Sell-Off: Is that what we’ll be calling the pullback in the indexes in the coming weeks? Most obviously it remains to be seen, but one thing is for sure, this pullback was well overdue. The Dow Jones Industrial Average fell mightily on Friday to cap an ugly week and after a meteoric…
The Grand Market Sell-Off: Is that what we’ll be calling the pullback in the indexes in the coming weeks? Most obviously it remains to be seen, but one thing is for sure…this pullback was well overdue. The Dow Jones Industrial Average fell nearly 700 points on Friday to cap an ugly week and after a…...
U.S. equity futures are sharply lower and coming off a mixed performance in Thursday’s trading session. European equity markets are also lower in light of U.S. treasury yields rising. The U.S. 10 year yield has tipped 2.80%, raising concerns among investors that the economy is overheating and the Fed may be behind the curve. Meanwhile,…
In its earnings report last night, Apple delivered better-than-expected, record sales of $88.3 billion and net income of slightly over $20 billion for the fiscal first quarter. The company was able to increase revenue by 12.7% year-over-year despite a slowdown in unit sales. Unit sales of iPhones missed, 77.3 million sold in the holiday quarter,…
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What a day, huh? Yesterday was a roller coaster day for the markets with traders having digested the State of the Union Address the night before and managing through earnings and a late afternoon Fed decision on rates. The Federal Reserve kept a key interest rate steady on Wednesday, but signaled it is on course…
After shedding roughly 540 points in the last 2 trading sessions, the Dow Industrial Average looks to resume its trend upward. The Dow remains up by 5.5% in 2018 even after this week’s selloff, helped by factors such as an expanding U.S. economy, growth in corporate profits, and enthusiasm over recently enacted tax cuts and…
For a second day in a row, U.S. equity futures are pointing to a lower open ahead of yet another busy trading day. While the media headlines certainly centered on the 10-year Treasury yield rising above 2.70% yesterday, the tone and discussion may shift today and in the direction of the State of the Union…
U.S. equity futures are set to open lower ahead of a jam-packed week of data, earnings, Fed announcement on rates and the State of the Union Address. Investors will be listening for any more rhetoric on trade, tensions in Washington and any hints toward a resolution on DACA. The USD is stabilizing Monday, however, the…
VIX, you got some splaining to do! (In my best Ricky Ricardo voice). I’m hearing and seeing a lot of “what the heck is going on with the VIX and VIX-leveraged ETPs” comments in social media lately. What I’m not seeing is a lot of recognition for prudent institutional investing that has found this investor…
