Professionals
Stop, drop, and roll. Equity markets spent the better part of yesterday’s session trying to claw their way out of early session deficits but any hopes of a solid close were dashed by a Presidential Tweet. Trump announced a plan…
Up, up and away!
Up, up and away! Stocks rose again in yesterday’s session after receiving positive economic news and the potential for a Canadian trade deal. In fact, stock traders were really looking for excuses to buy yesterday as momentum and animal spirits…
Rolling with it
Rolling with it. Equity markets were able to float into a positive close yesterday, though the animal spirits of prior sessions took a well-deserved break. On a quiet, low volume day the S&P500, the Russell 2000, and the NASDAQ 100…
Flying High
Flying high. Both the S&P500 and NASDAQ 100 closed at new highs yesterday helped along by the announcement of a US Mexico trade deal… of course momentum helped a bit as well. The S&P500 muscled to a new high once…
Happy Days!
Happy Days! The S&P500 is back on top! Fed Chief Jerome Powell said just enough to spur the large cap index to elevate itself to a new high close. Interestingly, Powell really didn’t provide any new revelations. He actually repeated…
An object in motion stays in motion
An object in motion stays in motion. A well known quote from Newton’s first law. The lesser spoken part of that law states that the object stays in motion unless acted upon by an unbalanced force. I am not sure…
Sitting Bull
Sitting Bull. No, not the famous Lacota Leader of Little Bighorn Battle fame. I am talking about the market, of course. Yesterday’s news cycle was a battle between, what many were calling, the longest bull market in history and the…
What’s in a number?
What’s in a number? Well, if that number happens to be the all time high set by the S&P500 Index back in January, it might be the number that traders aim for when attempting to spur a me-too rally causing…
Somethings gotta give
Something’s gotta give. Yesterday, being a quiet news day, allowed traders to follow on positive sentiment and rally equity indices and bonds (yes you read it correctly, bonds). The day started with some M&A news as Pepsi announced its intention…
