Flashing teeth ^^^ Stocks tumbled on Friday after a report surfaced that the Whitehouse was considering a plan to limit US investment in Chinese companies. Benign economic data was not enough to prevent the selling as trade fears crept back into the markets. MY TWO CENTS What now? Trade discussions between the US…
Month: September 2019
Where do we start? Stocks slipped yesterday as investors tried, tried, tried to avoid the drama unfolding in Washington DC. A report early in the session that the US would not renew temporary waivers for US tech companies selling to Huawei pushed stocks down. MY TWO CENTS Stay focused, people! There is a…
Hold tight! Stocks offered a rough ride yesterday, rising into the close as investors chose to focus on what mattered: the economy. Solid housing numbers, optimism on trade talks with China, and a trade deal with Japan helped propel stocks for a positive close. MY TWO CENTS Capital Hill vs. Wall Street. Thinking…
Tough climate. Stocks fell yesterday as the United Nations General Assembly focused on climate change and the President took an opportunity to rail on China, social media companies, and globalism. Volatility was abundant as House Dems prepared to announce a formal impeachment investigation and Trump promised to release call transcripts. MY TWO CENTS …
Information overload. Stocks stood still yesterday as investors digested a trove of economic information from the Eurozone and the US, all suggesting different things. Political tensions are running hot in Washington adding some stress to the markets, though they have been largely written off as “business as usual”. MY TWO CENTS Euro trash. Things…
So swings the pendulum. On Friday, stocks looked to finish up the week on a positive note and things went bad with trade talks sending them into the red. Despite a week full of news, both positive and negative, stocks had a relatively quiet ride. MY TWO CENTS Follow the bouncing ball. Last…
In digestion. Stocks closed mixed yesterday, giving up earlier gains as investors digested the Fed’s latest policy change. Now that the market got what it wanted in a rate cut, traders are wondering when the next one will come. MY TWO CENTS Which economy are we talking about? Everyone seems to be obsessed…
A mixed bag. Stocks had a mixed close yesterday after the Fed lowered target interest rates but would not commit to anything beyond. The Fed’s move was expected by the market but many were hoping for more stimulus, if at least a sign. MY TWO CENTS The great divide. There were great expectations leading…
Over a barrel! Stocks sold off yesterday in response to the drone strike on Saudi Oil fields that took place over the weekend. Energy stocks traded up while fuel-dependent companies were punished. MY TWO CENTS Black gold. On Saturday, reports began to surface about a drone attack on Saudi oil fields. By yesterday…
Nice and easy does it every time. With both sides playing nice, sentiment on trade is improving propping up equities. Stocks closed mixed and virtually unchanged on Friday as investors await the Fed and attempt to figure out a new strategy, MY TWO CENTS Very, very interest-ing. Last week marked a punishing week…