Hope as a strategy

Hope as a strategy.  Hope for positive progress on anything in DC these days seems to be slowly fading, so when an unconfirmed headline from the Wall Street Journal comes out at 2:30 in the afternoon stating that the Administration…

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Bank Run!!

Bank run!!  Stocks ran up in yesterday’s session led by strong earnings from the left-for-dead banking sector. After a difficult year in which the banking sector was down by -18% (it was down as much as -23%), banks are showing…

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Peking Goose!

Peking Goose!  Markets were goosed by a Chinese government tax cut and pledge for more stimulus to help the country through its current soft patch.  In a somewhat tumultuous news day stocks traded in the black for the entire session…

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Chinese Squeeze

Chinese squeeze.  Stocks took their cues from Asian markets as Chinese trade balance slipped.  As reported here yesterday morning Chinese trade data reflected that not only did exports fall by -4.4% but also imports slipped by -7.6%.  The unexpected slowdown…

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A day of rest

A day of rest.  Friday marked a day of rest for stocks as markets pulled back slightly in the wake of an impressive 5 day winning streak. Equities started the day in the red and slowly climbed throughout the session…

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Patience is a Virtue

Patience is a virtue.  Markets rallied for another day as Fed speakers led by Powell doveishly proclaimed their patience.  As the government shutdown entered its 20th day, investors focused on the positives and not the negatives as a steady stream…

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Steady Climb

Steady climb.  Equity markets continued their recovery yesteday with a steady positive day of trade in the midst of mixed news.  Stocks cheered as US – Chinese trade talks ended in an upbeat fashion as both sides laid the framework…

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Progress Principle

Progress Principle.  Stocks rallied yesterday in response to word that progress is being made in US – China trade talks.  Stocks started yesterday’s session in the green following positive overseas moves which began in Asia as investors’ hopes for some…

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Friendly Gestures

Friendly gestures.  With trade being top of mind for investors these days any positive advances on trade talks between the US and China could help to firm up markets and that is precisely how yesterday’s session for equities played out.…

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Three Checks!

Three checks!  Stocks surged on Friday in response to hopes for a trade resolution, a strong jobs number, and happy talk from Fed Chief Jay Powell.  Confirmation of a face to face meeting with China, the first since a 90…

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