For the week, the Dow eked out a gain of 0.2%, while the S&P rose less than 0.1%. The Nasdaq notched a decline of less than 0.1%, enough to halt a string of two straight weekly gains. A big nothing burger indeed! When it comes to the market and the bear vs. bull debate one…
There’s some good and bad residing within every trading day. Yesterday’s good news was the performance or rotation out of large and midcap stocks and back into small cap stocks as the Russell 2000 Index outperformed its larger peer indices. Rotation is a sign of a healthy market as it points to active market participation…
After strong reports from the likes of CSX and Morgan Stanley, equities largely rose in yesterday’s trading session. The Dow Jones Industrial Average advanced by 79.40 points, or 0.3%, to 25,199.29, with the blue-chip gauge’s fifth positive session marking its longest winning period since the eight-day period ended May 14, 2018. The Nasdaq was the only…
After a rough open for the tech-heavy Nasdaq and usually supportive FAANG stocks, the market quickly rebounded intraday. All major averages, on the heels of a worse than expected Netflix subscriber addition number and share price plunge near 12% overnight, finished higher on the day. What may be even more remarkable than the intraday reversal…
At some point, and we don’t know when, the geopolitical risks will weigh more heavily on investor sentiment than they seem to be weighing at present. But until that point… It was the press conference that was heard around the world yesterday between President Donald Trump and Vladimer Putin. The conference has drawn criticism from…
We have a busy reporting week, with more than 170 companies coming out with quarterly results, including 60 S&P 500 companies. The following graphic identifies some of the key reports due out this week by date. Stocks posted strong gains last week, with the Dow, S&P 500 and Nasdaq all rising more than 1.5…
As has been the case for much of the year, what goes down, must bounce upward. That’s exactly what happened on Wednesday with the major averages dropping sharply and bouncing higher on Thursday. The rollercoaster ride has been nothing short of spectacular with investors along for the ride. One might think the various ups and…
Investors bore the brunt of President Trump’s announced $200bn trade tariffs on China, set to go into affect as early as September and after a review period. All three major indices fell on the day, but outperformed their global equity market peers by falling less than 1% across the board. Although China has vowed to…
Here we go again with tariff headlines front and center. The Trump administration on Tuesday evening released a list of 10% tariffs on $200 billion in Chinese goods, broadening trade war conditions with Beijing. The tariffs will not go into effect immediately but will undergo a two-month review process, with hearings Aug. 20-23. Immediately after the news…
As we learned last week, the health of the labor market remains very strong. There are more job openings than job seekers, which is a first since 1970. The prime-age employment-to-population ratio, probably the best indicator of the health of the job market, is back to 2005 levels. How long will it be very strong is…
