Monday proved to be a rather tumultuous day for global equities, as we largely expected. Over the weekend, Finom Group discussed the flight to safety plays at hand in the market last week, which may prove to foreshadow a turbulent time in the market for the present week. In our weekly research report to subscribers…
Divergence! A one-word sentence used appropriately to describe last week’s trading action where the Dow was significantly lower than its peer indices. The Dow Jones Industrial Average rose 119.19 points to 24,580.89 on Friday. Friday’s close marked the first gain for the index in nine sessions, snapping its longest losing streak since March 2017. Looking more…
The number eight is considered to be a lucky number in Chinese and other Asian cultures. Eight is considered a lucky number in Chinese culture because it sounds like the word meaning to generate wealth. Let’s see if the Dow Industrial Average finds a little luck after achieving 8 straight losing trading sessions. On Thursday,…
It was an ugly day for the Dow Industrial Average yesterday with a rather large intraday reversal. While the point loss was modest, at down just 42 points, it marked the 7th consecutive negative print for the index. The Dow also experienced a more than 170-point swing intraday from positive to negative territory. On the…
That wasn’t as bad as it could have been or maybe even should have been, now was it? The Dow Jones Industrial Average fell 1.2%, or 287.26 points, to close at 24,700.21. At its intraday low, the Dow was down by as many as 420 points. Tuesday’s decline marked the 6th straight drop for the Dow,…
But China does not purchase $200 billion worth of goods from the United States. There in lay the problem for China with the latest declaration from President Trump and his call for another $200 billion in tariffs to be enacted against the Asian nation. The news broke late last night that President Trump directed the…
Can it do it? Can the markets really shrug off the FOMC rate hike, the ECB’s scheduling of an end to its QE program and the declaration of $50bn in tariffs on Chinese goods? It’s not looking like U.S. equities will perform such a herculean accomplishment at the moment, with futures lower by less than…
You’ve heard the old adage, “It’s all fun and games until the Fed raises rates”, haven’t you? Of course that’s more a derivative of the more understood adage, but after a market pullback that ensued on the heels of the Fed announcing a .25% rate hike yesterday, I thought it fitting. So here we go…
While equity markets around the globe hit the pause button ahead of an onslaught of central bank announcements and press conferences, the beat must go on. In yesterday’s trading action, the Dow finished basically flat with the S&P 500 up .17% to 2,786. The tech-heavy Nasdaq was the outperformer once again, finishing higher by .57…
The big news headline overnight that will likely carry onward throughout the week is the signed agreement between the United States and North Korea during the joint summit between the 2 nations. U.S. President Donald Trump and North Korean leader Kim Jong Un signed an agreement to work toward complete denuclearization of the Korean Peninsula…
