Something for everyone. Stocks rose for a third straight day as investors rejoiced trade concessions made from both sides. The European Central Bank gave a boost to global equities with a new stimulus package. MY TWO CENTS The beat goes on. Yesterday’s market drivers were a continuation of all things that have lifted stocks in…
Fear no more. Stocks rallied yesterday as China flashed what appeared to be a wink ahead of next month’s meeting between negotiators. Tech shares rallied, led by Apple after a favorable response to Tuesday’s new product launches. MY TWO CENTS The other stimulus. When it comes to governments controlling economies to protect from…
A tale of two trades. Stocks had another mixed close yesterday as investors clamored to jump on the next big thing. Bonds had a difficult day as investors continued the exodus into battered down equities. MY TWO CENTS Who gives a shift? Markets have been experiencing a number of significant shifts under…
The sound of silence. Stocks had a mixed close yesterday with no news on the trade front and silence from the Fed ahead of its policy meeting. Capital moved out of bonds and into value stocks yesterday pushing treasury yields higher – good news for some and bad news for others. MY TWO CENTS…
Nothing to see here. Stocks posted a mixed close on Friday on a weak jobs number and an upbeat Fed Chairman. Traders largely overlooked a weaker than expected jobs growth number, pointing to the still low unemployment rate as a good sign. MY TWO CENTS What sayeth the mighty Fed Chair? With just…
Break those chains. Stocks soared yesterday in response to some positive economic data and renewed trade talks between the US and China. While stocks climbed, bonds took a beating as traders asserted their newfound faith in the US economy. MY TWO CENTS The market is always right! News that the US and China agreed to…
A happy place 🙂 It was risk-on for equities yesterday as Hong Kong officials relented to protesters. In the UK, Parliament took control, limiting the potential for a hard Brexit which provided some extra encouragement to stock bulls. MY TWO CENTS The state of the re-union. Though the stock market was not singularly focused on…
Manufacturing a mess. Stocks sank yesterday on trade fears and a not-so-surprising pullback in US manufacturing. China lodged a complaint about US tariffs to the WTO and bad economic numbers drove the selling in yesterday’s session. MY TWO CENTS Factory factor. My regular readers are well aware of the slow, but steady decline…
They’re here! Stocks closed moderately higher on Friday finishing off a week of winding down trade tensions. Despite some undesirable economic data, stocks managed a positive close for the last week in August. MY TWO CENTS Wait for it… wait for it. Last week featured several ups and downs in the long-running trade…
