Watchful waiting. Former Fed Chief Janet Yellen’s prescription for policy is in line with the current Fed and traders are obedient, watching and waiting for first quarter earnings. Stocks closed up yesterday on a benign inflation figure and market friendly FOMC minutes. WHAT YOU NEED TO KNOW: 1) Rates are on hold for now. Yesterday’s…
Stand still. Yesterday, stocks finished mostly unchanged as traders awaited the start of earnings season. Equities could not muster enough energy to make any large moves in absence of any new stimulants. WHAT YOU NEED TO KNOW: 1) Wholesale prices ticked up in March. Yesterday’s Producer Price Index showed that prices at the…
Spring has sprung! On Friday, stocks leapt on obscure news from China, upbeat bank earnings, and interesting corporate announcements. After a week of low volatility in which traders were searching for something to get off the couch over, Friday’s interesting mix of news gave them something to trade on. WHAT YOU NEED TO KNOW: 1)…
The waiting game. Investors sat on their hands in yesterday’s session with no economic or fundamental news to trade on. The waiting game began yesterday as investors await the start of earnings season later this week. WHAT YOU NEED TO KNOW: 1) The EU is now in the Administration’s crosshairs. WHILE YOU SLEPT the US…
Relief. Stocks rallied on Friday in response to a strong monthly jobs number putting recession fears at ease… for now. Investors were more relieved than pleased to hear that the monthly job additions seemed to have bounced back after last month’s weak showing. WHAT YOU NEED TO KNOW: 1) The US Economy is not in…
Slow walk. Stocks floated up yesterday in a low volume session on more positive news about US – Chinese trade talks. A Trump meeting with the Chinese Vice Premier put stock traders in a mostly happy mood resulting in a mixed close for the indexes. WHAT YOU NEED TO KNOW: 1) A trade deal between…
Anticipation. Yesterday, stocks oozed upward in a late session comeback on reports of positive progress in US – China trade talks. No real economic or company news combined with more positive, but still sketchy, trade talk was enough for equity markets to fall back to their default positive outlook. WHAT YOU NEED TO KNOW: 1)…
Eyes on the road and hands on the wheel. Stocks rambled through yesterday’s low volume session giving traders a chance to contemplate their hidden fears of missing out on a potential rally. Signs that more and more investors are coming around to the reality that even though the economy may be slowing somewhat, stocks may…
Not so fast. Fear of a recession seemed like a thing of the past in yesterday’s session as stocks surged in response to Chinese and US manufacturing data. Just days after the treasury yield curve inverted, investors pivoted from fear to greed as the economy showed signs of slow but positive movement. WHAT YOU NEED…
Keep it running. Stocks rose on Friday ending their best quarter since 1998. The inverted front end of the yield curve turned slightly positive and upbeat news from US trade delegates in China spurred the markets forward. WHAT YOU NEED TO KNOW: 1) The Chinese economy might be stabilizing. WHILE YOU SLEPT (or wept…
