When geopolitical headlines strike and when they have no effect on corporate earnings, it can often bring with it opportunity. The major averages largely finished lower after headlines concerning the proposed U.S./N. Korea summit was cancelled. President Donald Trump scrapped plans for a summit with North Korean leader Kim Jong Un, citing “open hostility” from…
Yesterday’s Fed minutes proved market moving. Prior to the release of the Fed minutes, the major U.S. equity indices were trading lower with the Dow off greater than 100 points. That all changed once investors were able to look inside what the Fed was considering for its rate hike path and why. Let’s now take…
It was a rather mundane Tuesday until the late afternoon on Wall Street. The major averages meandered for much of the trading session up until the point where President Trump offered his negative opinions on China trade talks to the press. The Dow, which started Tuesday’s session on a high note, dropped nearly 200 points…
Wall Street bulls were found jubilant yesterday as the markets soared on the heels of what may prove to be a reprieve from trade war rhetoric for weeks and months to come. President Trump’s treasury secretary said Sunday the U.S. will not impose $150 billion in tariffs on China while the two countries negotiate a…
The major indexes posted slight weekly losses last week. The Dow and S&P 500 both fell 0.5% for the week, while the Nasdaq pulled back 0.7 percent. The move lower this week took place after the averages jumped more than 2% last week, kicking the S&P 500 above its 50-DMA and out of consolidation territory.…
The vast majority of traders trading the equity markets find their experiences to be underwhelming and often littered with losses. Unfortunately, that is the hard truth and something most dismiss when they embark on their journey to personally and actively trade the equity markets. “I’m different. I know what I’m doing. I can manage my…
U.S. equity markets bounced back yesterday with modest gains across the major indices. Standing out this Thursday, the small-cap benchmark Russell 2000 index hit an all-time high of 1,620.64. The index also closed at a record, ending at 1,616.37, a gain of 16.03 points, or 1 percent. This while the 10-yr T-bill continued its sell-off, producing…
After 8-straight positive closing sessions, the Dow fell a little more than half a percent yesterday. Much of the blame for the near 200-point decline was attributed to the 10-yr. T-bill. The yield on the benchmark 10-yr. T-bill note early Tuesday climbed to match its highest levels since 2011 after a strong retail sales number.…
Wall Street is looking to open lower on the heels of Home Depot missing on the top line and monthly retail sales data from the Census Bureau. Let’s get to that headline data firstly as we’ve entered the retail earnings season. April retail sales rose 0.3 percent (±0.4 percent)* from the previous month, and 4.7…
It’s funny what a difference a week can make in the markets. Up until last week, the equity market picture looked rather bleak, with investor sentiment waning and record setting volatility. But all of that seemed to have subsided in last week’s trade as the major averages marked their strongest week in quite some time.…
