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…
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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