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.…
In the U.S. retail landscape, the strength seen this past holiday season continued into the first quarter of 2018. In fact, analysts polled by Thomson Reuters are becoming more bullish on consumer spending as retailers get ready to report their earnings for Q1 2018. The Thomson Reuters Same Store Sales Index is now looking for…...
U.S. monthly retail sales reversed a 3-month trend of negative MoM results during the month of March as reported yesterday. Sales at U.S. retailers rose 0.6% in March, the Commerce Department reported Monday. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores, though a bout of…
Closing out the 1st week of earnings season found the major averages higher last week. In the wake of earnings results from Citigroup, Wells Fargo, Blackrock and JP Morgan Chase, however, investors found the earnings reports to be a sell the news type of event. While we’re not going to get into the individual reports…
Closing out the 1st week of earnings season found the major averages higher last week. In the wake of earnings results from Citigroup, Wells Fargo, Blackrock and JP Morgan Chase, however, investors found the earnings reports to be a sell the news type of event. While we’re not going to get into the individual reports…...
Equity markets rallied yesterday with U.S. equities finishing sharply higher. Stocks rallied after China presented a less-aggressive stance in trade tensions with the United States. The Dow Jones Industrial Average jumped 428.90 points, or 1.8%, to 24,408.00. The S&P 500 finished 43.71 points, or 1.7%, higher to 2,656.87. The Nasdaq Composite Index climbed 143.96 points to 7,094.30, a…
Earlier this month, Target released its Q4 2017 results alongside 2018 guidance. The release brought with it selling pressure on the stock, which has yet to recover and as the broader market experiences steep declines. Much of the reaction to the Q4 2017 results was a result of a stock price that had stormed higher…
Earlier this month, Target released its Q4 2017 results alongside 2018 guidance. The release brought with it selling pressure on the stock, which has yet to recover and as the broader market experiences steep declines. Much of the reaction to the Q4 2017 results was a result of a stock price that had stormed higher…...
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 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…
