ProfessionalsStill in a fog. Stocks could not find their way on Friday as they veered on and off the path throughout a volatile session. Stocks traversed the gain loss line throughout the day, ultimately giving up early gains and closing…
Better Late Than Never!
Better late than never! Christmas showed up a day late for equities as they surged in record point gains. The Dow Jones Industrial Average rose over 1000 points (+5%) in yesterday’s session which was the largest point gain as well…
Fear Factor
Fear factor. Stocks fell in yesterday’s session as traders continued to protest the Fed’s less-than-supportive move on Wednesday. Expectations were high that the Fed would provide a hero-like rescue for declining asset prices in what was shaping up to be…
Disappointment in Who-ville
Disappointment in Who-ville. Traders expecting Powell to usher in a late Christmas rally got the Grinch, and they didn’t like it. Markets tumbled from daily highs after the Fed raised rates and lowered hike projections next year. “Wait”, you say,…
Crude Behavior
Crude behavior. Markets took traders on a wild ride yesterday as a market on edge before a Fed decision was hit with multiple rounds of information. Equities opened with a positive rush in response to better than expected housing numbers,…
Walking on Eggshells
Walking on eggshells. Markets sold off yesterday over Fed rate hike fears, potential economic slowdown, and an increasingly more frequent use of the word “recession”. Following Friday’s selloff traders could not quite get their emotions in check during yesterday’s session…
Checking Out
Checking out. Traders headed for the exits on Friday as bad news from Asia and the EU heightened fears of an economic slowdown in the US. China and the US made progress on their pursuit of deescalating the trade war…
