And when the markets head lower, the rhetoric surrounding Turkey’s debt and lira exacerbate. That pretty much sums up yesterday’s global equity market trading and media focus with most markets sharply lower, including U.S. indices. The reality surrounding Turkey’s current debt and currency woes is nothing new and seen many a time before. The debt…
In our daily market dispatch Thursday, we discussed the bear vs. bull debate with a focus on the bear case delivered by Morgan Stanley. The firm’s chief market strategist has outlined its bearish case for a rolling bear market and offered the $1trn market cap achievement by Apple Inc. (AAPL) as highlighting the possible end…
Week in Review In the face of drum beating bears and prior tech sector meltdown quarterly reporting from FANG stocks, the 3 major averages have held together quite well in recent weeks. Last week, the finale of FANG reports was delivered by Apple Inc. (AAPL) and served to deliver the first $1trn market cap for…...
It looked as if it was going to be a dreadful day on Wall Street in the early morning on Thursday with the major averages pointing to a steep decline at the market’s open. Within the first hour of trading, however, all 3 major averages bottomed and made a sharp U-turn heading higher through the…
It appears to be another rocky open on Wall Street with all 3 major indices set to open sharply lower. In Wednesday’s trading session, the Dow and S&P 500 both fell with the Nasdaq outperforming, as the tech-heavy index found favor among investors on the heels of Apple’s (AAPL) better than expected quarterly results. That…
Yesterday was a record setting day in the market and for one of the market darlings… possibly a former market darling, Facebook (FB). The following graphic will go down in history and lay claim to Facebook’s infamy for some time to come. After the social media platform company narrowly missed revenue estimates for the Q2…
We’re going to start with some of the more favorable market headlines before getting into why the Nasdaq is set to pullback significantly as indicated by the equity market futures. The more favorable headlines come from that which has created a major investor sentiment roadblock for several months now, trade tariffs and spats around the…
You’ve likely heard a great deal about the most crowded trade in the market, FAANG. With that you’ve probably also heard how as FAANG goes the market goes. These comments have turned into colloquialisms seeing how heavily weighted within many ETFs the FAANG stocks have become in recent years… and rightfully so! Rightfully so and…
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…
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…
