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…
It was a decent start to the month of June for the major averages last week. Equity futures are pointing to a higher open on Wall Street for Monday June 11th and after a tumultuously media headline weekend. We’ll get to some of those headlines in a moment, but firstly, let’s take a brief look…
It was a mixed trading day for the major indices yesterday as the Dow outperformed its peers in the S&P 500 and Nasdaq. The Dow finished higher by 95 points to 25,241 with the S&P 500 down by less than 2 points to 2,770. The tech-heavy Nasdaq was the laggard with the index falling by…
The market is euphoric right? No, not by a long shot. The forward 12-month P/E ratio for the S&P 500 is 16.2. This P/E ratio is equal to the 5-year average 16.2. Do you really believe an equity market can express euphoria for a 5-year period? Clearly, the recent February-April period of market correction and…
With Apple (AAPL) and Netflix (NFLX) both recording record highs, the Nasdaq finished Tuesday’s trading session with a 2nd consecutive closing record high. Unfortunately, the broader S&P 500 was only slightly higher on the day with the Dow finishing flat to slightly lower on the day. Even with the threat of retaliatory tariffs against the…
Last Friday’s stock market rally carried forward on Monday with the tech-heavy Nasdaq leading the way. The Nasdaq Composite closed at a record for the first time since March 12, rising 52.13 points, or 0.7%, to 7,606.46. The S&P 500 finished up 12.25 points, or 0.5%, to 2,746.87. The Dow Jones Industrial Average advanced 178.48 points,…
https://www.youtube.com/watch?v=pd_5wXuWofc...
Admittedly, that was a trading week not worth forgetting. More importantly, it was a trading week that was very concerning even as the S&P 500 finished higher by .49% for the week. The news of the week that contributed to the action was both domestic and foreign in nature. The failure of Italy to form…
Admittedly, that was a trading week not worth forgetting. More importantly, it was a trading week that was very concerning even as the S&P 500 finished higher by .49% for the week. Below is a chart of the daily change and craziness of the markets last week through the lens of the broadest index, the…...
While “sell in May and go away” didn’t exactly play out for a 6th consecutive year, it didn’t quite feel as though the month finished on strong footing for the major averages. It’s been quite the turbulent week for the major averages and as they finished the month. The Dow Jones Industrial average has had…
