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 pulling back several times only to close on or near session highs. Netflix did its…
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 adds to the list of signs that the second largest global economy is weakening. The…
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 closing just short of breakeven. Benign CPI data that was released Friday morning supported the…
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 of Federal reserve speakers underscored the recent wait and see strategy. Wait and see is…
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 for further talks and an ultimate resolution. Despite the steady flow of negative Government shutdown…
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 resolution on trade increased. Though the rally faded at one point nearly zeroing out gains,…
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. Stocks rose yesterday as trade talks were kicked off between the US and China with…
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 day truce was called in December, gave stocks an early boost on Friday leading up…
Sauced. Markets took a beating yesterday as Apple lowered 4Q guidance and a key economic indicator failed to please. As reported here yesterday Apple issued guidance after Wednesday’s market close stating that they were cutting revenue estimates to $84 billion from $91.3 billion. The predominant reason? Lower than expected demand in China. China is not…
One bad Apple! Stocks eked out small gains after opening deeply in the red yesterday. Traders awoke to lower stock futures as indexes slid in Asia over trade worries and the Dow was down over 300 points within minutes of the US open, reminding traders that while December is in the rear view mirror, volatility…
