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…
The U.S. Dollar has made headlines all week and came under pressure earlier in the week after Steve Mnuchin indicated a weak dollar was ideal for the U.S. economy. Shortly thereafter, President Trump noted that those comments were taken out of context and that he appreciated a strengthening USD. The USD briefly rebounded on President…
Starbucks is set to report its Q1 2018 results after the closing bell on January 25, 2018 and to much consternation that finds shareholders hoping for a positive outcome. The share price has lagged its peer group valuation as growth for the coffee and restaurant giant has recently underwhelmed investors. After missing consensus estimates for…...
Here’s a chart you soon won’t forget. The decline of the USD has been yet another reason supporting equity prices of late. The dollar is suffering another selloff on Wednesday with a key dollar index falling to a three-year low after U.S. Treasury Secretary Steven Mnuchin said a weaker greenback is good for trade. The…
U.S. equities are pointing to a lower open after the government reopened yesterday. All three major stock market indexes closed at record levels on Monday. After U.S. markets closed on Monday, Congress passed a three-week funding measure that brought a halt to the three-day shutdown, with the bill then signed by President Donald Trump. The…
