No Growth No Problem

No growth no problem.  Investors largely ignored weak economic numbers in yesterday’s session as they bought stocks on hopes of further stimulus.  Stocks went briefly into the red but ultimately climbed into positive territory, a move that was most likely helped by end of quarter portfolio dressing. WHAT YOU NEED TO KNOW: 1)  Trade talks…

That Gnawing Sensation

That gnawing sensation.  Stock traders try to find optimism but just can’t shake that hidden fear that something bad may lie ahead as equities closed out yesterday’s session slightly down.  Equities started yesterday’s session in a solid risk-off mode and later recovered some losses ultimately losing ground to close in the red. WHAT YOU NEED…

Don’t Stop the Music

Don’t stop the music.  Stocks shrugged off Friday’s yield curve revelations yesterday as markets rallied in response to well… nothing really.  Equity markets, in a mean reversion move, traded higher as seller exhaustion gave way to speculative buying. WHAT YOU NEED TO KNOW: 1)  Consumers, who make up around 2/3 of the economy, were less…

Stuck in the Mud

Stuck in the mud.  Stocks closed mixed yesterday as investors were unsure about what to make of an inverted yield curve and an anticlimactic end to the Mueller report.  Stocks seesawed around the breakeven mark finding old resistance as investors lacked the willpower to break free. WHAT YOU NEED TO KNOW: 1)  The inverted 3…

Upside Downside

Upside downside.  On Friday, stocks sold off as Eurozone manufacturing slumped and the US Treasury yield curve inverted sparking recession fears.  The market received a double dose of bad medicine on Friday causing equity traders indigestion while bonds rallied. WHAT YOU NEED TO KNOW: 1)  The yield curve inverted on Friday.  The difference between yields…

Rerun

Rerun.  Stocks surged yesterday in a move reminiscent of the days of easy money with tech leading the way and financials pulling up the rear.  Investors chose to view Wednesday’s fed statement as “half full” reversing the negative sentiment that drove equities down late in Wednesday’s session. WHAT YOU NEED TO KNOW: 1)  Investor sentiment,…

U Turn Complete

U Turn Complete.  After a Trump comment and a very dovish Fed, markets took investors on a wild ride yesterday ultimately closing mixed to mostly down.  Yesterday’s session was jam-packed with emotional twists and turns as traders were trying to figure out if bad is good or bad is bad. WHAT YOU NEED TO KNOW:…

Dots R Us

Dots R Us.  Markets swung wildly yesterday as investors initially rode equities up on hope for all things great only to sell off on trade fears late in the session.  Markets have priced in earnings growth, a US China trade pact, and a forever-dovish Fed – any challenge to those hopes are met with selling….

The Lazy River

The lazy river.  Stocks drifted down (or rather up) a lazy river with the Federal reserve, closing slightly higher in yesterday’s session.  Traders defied any negativity choosing instead to follow on last week’s bullish momentum as retail investors jumped into the fray in a FOMO trade. WHAT YOU NEED TO KNOW: 1)  A US Chinese…

Every “witch” way

Every “witch” way.  Stocks traded up in a high volume, quadruple witching session on Firday.  Friday’s session topped off a week of gains, the best since last November, resulting from little economic news but lots of optimism. WHAT YOU NEED TO KNOW: 1)  Manufacturing continues to slip.  Empire Manufacturing, a report compiled by the NY…