A little off the top. stocks rallied yesterday in response to an expected rate cut by the Fed. The US economy is slowing but still growing, providing cold comfort to investors. MY TWO CENTS Don’t fight the Fed. Yesterday, the Fed announced that it would cut the Fed Funds Target Rate, the rate…
Month: October 2019
A big day, indeed! Stocks were off slightly yesterday as investors weighed in on earnings and awaited the Feds next move. Consumer confidence may be waning but still remains in a good place. MY TWO CENTS It’s an index. Yesterday, the S&P500 slipped by -0.08%, a day after it achieved a record high….
The scary climb. Stocks advanced yesterday with the S&P500 closing at an all-time high as earnings worked hand-in-hand with headlines to cheer on the bulls. Earnings are beating expectations and the trade deal is ahead of schedule. MY TWO CENTS The forest. Yesterday was one for the record books. The S&P500 had reached…
Happy Friday. Stocks rallied on Friday on good earnings and more trade optimism. Good headlines dominated, pushing the S&P500 to new intraday highs. MY TWO CENTS The most-hated rally. Many money managers find themselves asking “how did we get here”? Stocks continue to rally despite increasing worrisome headlines about the global economy, trade…
Take it slow. Stocks closed mixed yesterday in response to mixed earnings and mixed economic data. More rumblings from the British Parliament and a hyped-up speech by the VP were largely ignored. MY TWO CENTS Speak easy. Last year Vice President Pence gave a scathing speech regarding China’s human rights and global trade…
Fine tuning. Stocks ended the day slightly up as investors dealt with mixed earnings reports. Ignoring the chatter out of Washington has been getting increasingly difficult but stock investors continue to look away. MY TWO CENTS What’s said is said. Earnings calls took center stage yesterday, once again overshadowing the shenanigans in the…
Slow burn. Stocks were off yesterday on mixed earnings and another confusing development in the Brexit saga. Earnings will continue to take center stage as tech companies begin to announce today. MY TWO CENTS Zoom in for the facts. Markets appear to have been largely driven by macro events lately. After all, traders…
Hope-a-dope. Stocks advanced yesterday on renewed hopes for a trade deal with China. Across the pond, Brexit wrangling continues at Westminster and the potential for a deal hangs in the balance. MY TWO CENTS Same old news. Yesterday was a relatively quiet Monday in the markets. Some confusing Parliamentary proceedings in the UK…
Bad taste. Stocks sold off on Friday as traders were on edge about the newly minted trade deal with China, Brexit questions, and more weak signals from the US economy. Earnings season is in full swing and investors have high hopes. MY TWO CENTS More than we can chew. Friday was an interesting…
All around the world. Stocks climbed yesterday helped by earnings and somewhat positive news from around the globe. Weak economic numbers were largely overlooked as stocks inched closer to highs. MY TWO CENTS Crack on. Yesterday’s markets were somewhat excited to see British Prime Minister Boris Johnson emerge from talks with European Commission…