It was a mixed bag of index performances on Wall Street Wednesday. And for a change, the political or above board macro nonsense didn’t seem to impact the major averages as much as presumed. While headlines from the DOJ investigation into Big Tech companies swirled and Facebook settled with the SEC investigation for a $5bn…
Please review our latest in a series of investor/analyst/advisor/wealth management interviews. David Model is an experienced investor and market researcher whom specializes in various sectors of the financial and economic system. His works in the fields of crypto currencies, precious metals, equity markets and the burgeoning cannabis space are unparalleled and found with numerous free…
What’s the difference between Monday’s modest rally in the S&P 500 and the nearly .70% or 20 point rally on Tuesday; reiterating and detailing the reasons for U.S. trade delegates traveling to China for trade talks. With Tuesday’s stronger rally, it represented the first trading day the S&P 500 moved .5% or greater in 12…
While no easing or resolution to the rising tensions between the U.S. and Iran have been revealed over the weekend, Wall Street found itself rebounding on Monday. The major indices followed the European indices higher on Monday and led by the Nasdaq (NDX), which was higher by .71 percent on the day. Without geopolitical relief,…
Equity markets took a deeper dive on Wednesday as earnings season rolled forward. Bank of America Merrill Lynch (BAC) shares finished with a gain Wednesday, as the bank lowered its full-year outlook for net interest income, but still expected growth in the face of anticipated interest rate cuts and slowing economic growth. The consumer and…
Equities finished lower on Tuesday with the Nasdaq (NDX) leading the way lower as Federal probes and Congressional hearings spur headlines surrounding Facebook’s latest product development in the crypto currency realm. Those hearings will continue to evolve on Wednesday and as Bitcoin has found itself trading below $10k once again. Did the highly speculative leading…
Until the market finally pulls back lower, the permabear camp will look for anything and everything to dupe investors into believing the end is near. Kevin Smith of Crescat Capital, an infamous short fund, tries anything and everything to sway investors’ confidence in the market. His efforts rely mainly on others’ inexperience and unwillingness to…
It was a banner day for the S&P 500 (SPX) on Wednesday with Fed chairman Jerome Powell serving up the FOMC’s monetary policy testimony before a Congressional Committee. At 8:30 a.m. EST. The S&P 500 E-mini futures achieved and broke through the 3,000 level. When the Semiannual Monetary Policy Report to the Congress was publicly…
On Tuesday, the major averages started the day in the red and rallied higher throughout the trading session. The uncertainty that resounded ahead of Jerome Powell’s testimony before congress seemed to fade as yields and crude oil both rose on the day. The Dow Jones Industrial Average (DJIA) fell 22.65 points, or 0.1%, to end at…
With each passing day we edge closer to the all-important earnings season, the markets extraordinary rally comes into question and as earnings are expected to decline for the Q2 2019 period. A market retracement has been eyed, forecasted and rationalized based on the aforementioned and is seemingly in the works as the major averages fell…
