Stay away from politics! At least that is what we’ll be trying to do today even as the headlines pour through the media. From the Pennsylvania district race to yesterday’s Presidential firing of Rex Tillerson it’s politics, politics and more politics. I often find that if you tune out a good deal of the political…
Equity indexes managed an uneven performance yesterday with the Dow falling more than 150 points and the S&P off another 3.5 points while the tech-heavy Nasdaq rose once again by .36 percent. The NASDQ has mirrored, of late, the movement of Apple Inc. shares even as Netflix shares recently pulled back on rhetoric the stock…
That was a pretty bullish end to an otherwise fear littered week that centered on two major points of interest, trade tariffs that could possibly lead to a trade war and the Nonfarm Payroll report that brought with it wage inflation data. Prior to these two highly hyped market realizations coming into focus I offered…
After a week of choppy waters and since President Trump introduced the possibility of trade tariffs, U.S. equity markets have seemingly calmed down. In the final half hour of Wall Street trading yesterday, President Donald Trump signed two declarations, which would implement tariffs on steel and aluminum imports. The tariffs are expected to take effect in…
https://www.youtube.com/watch?v=TRYzNVH_QYg&t=738s
In Q3 2017, J.C. Penney managed to grow comp sales by 1.7%; this after warning investors that sales would only come in at up .7% due to certain apparel liquidations in the Q3 2017 period. So what actions did the company embark upon to find comp sales growth in both the Q3 and Q4 2017…
It’s a rather basic chart, but technically speaking, SPY has been quite resilient despite the market gyrations. The 50 day moving average is right at present levels of SPY 272 with the 200 day moving average at 256. Since the February market sell-off and correction, the rips to the upside have failed to achieve SPY…
Equity futures in the U.S. are lower across the board by greater than 1% in the early morning hours and in the wake of President Trump’s top economic advisor, Gary Cohn, resigning yesterday evening. The news concerning Cohn’s resignation wasn’t a surprise more so than the timing, which points toward disagreements between President Trump and…
After the Dow Jones Industrial average shed some 3.3% last week, it kicked off the new trading week with a bang yesterday, gaining 336 points. It seemed as if some of the trade tariff fears subsided throughout the trading session and even as bond yields began to rise once again. House Speaker Ryan warned about the…
This week is likely to prove an important week as equity markets have gyrated back and forth throughout February and through the first couple of trading days in March. Stability in equity markets is needed to recapture investor confidence and without said stability a retesting of the February lows is a probable consequence. Some of the…
