Equities took a step back on Tuesday and after another negative trade headline surfaced. On Wednesday, Reuters reported that a phase-one agreement between the U.S. and China may not be completed until next year, as Beijing presses for greater reductions in tariffs and the U.S. President Donald Trump’s administration pushes back with its own increased demands.…
Coming into Wednesday’s trading session on Wall Street, equity futures are pointed lower as media outlets seek out find a geopolitical story of consequence. With the U.S. and China engaged in trade talks, seeking a phase 1 trade deal, reporters gained access to President Donald Trump with the impetus to decipher progress on the trade…
After another modest gain for the major indices on Monday, equity futures are pointing higher. Trade headlines found investors grappling with mixed messages coming from media outlets, for which we wouldn’t certify as anything more than speculation. The main headlines came out from CNBC’s on the ground reporter Eunice Yoon, suggesting that President Trump ruled…
After 3 complete trading days for the week, the S&P 500 has accomplished… basically nothing in terms of points. After breaking above the record achieving 3,100-level, the index has basically retreated to the flatline for the week. The weekly expected move for the benchmark index is roughly $28/points with just 2 trading days left in…
The S&P 500 came, saw and went just beyond 3,100 before finishing the trading day just 5 points higher on Tuesday. Will the 3,100 achievement prove the blow-off-top moment for the benchmark index or is 3,120 in the cards? Remarkably, the Dow Jones Industrial Average (DJIA) finished perfectly unchanged on the day, while the Nasdaq…
It proved a bit of a rocky trading session on Monday, with the major averages rolling back some of their gains through much of the morning. But then came an afternoon market rally as headlines concerning the Boeing (BA) 737 Max airliner. Boeing on Monday said it expects to resume deliveries of its grounded 737 Max…
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. In this week’s episode we discuss the the 5-week long S&P 500 rally to record highs. Analysts and strategists have revised higher their year-end and 12-month price targets. Other analysts are revising their global economic output with…
It was another uneventful day in the markets, with the Dow Jones Industrial Average (DJIA) completely flat on the day, the Nasdaq (NDX) falling nearly .3% and the S&P 500 (SPX) rising just 2 points. The VIX, which had been rising since Monday with hedging activity increasing, anticipating a near term pullback to bring about…
U.S. equity markets were little changed on Tuesday and after the S&P 500 hit yet another record high at 3,085 intraday. The S&P 500 has hit a new record high each November trading day thus far, which just happens to be the top month of the year for the record high achievements in the benchmark…
More record highs for the S&P 500 were set Monday and those record highs came alongside varied opinions on the market’s performance for the remainder of the calendar year. The bulls are cheering and bears are reeling from what appears to be a steady melt-up in markets through October’s end and at the beginning of…
