Highlights: • The Federal Reserve has embarked on quantitative tightening (QT) to reverse years of quantitative easing (QE) aimed at stimulating the economy after the Global Financial Crisis (GFC) • As global growth starts to slow, it is difficult to predict how and how much QT will affect markets • This is uncharted territory for […]
MARKETS DECLINE AND ENTER CORRECTION LAND WHILE GAS PRICES AROUND THE COUNTRY TREND LOWER The major U.S. stock markets all finished the week lower and officially entered the land of correction for the first time since February of 2016 The S&P and DJIA lost 1.3% and 1.2%, respectively, while NASDAQ lost 0.8% The two larger-cap […]
The 2018 midterm elections will likely have little effect on the economy or on legislation, but they could have a significant impact on the stock market and its volatility. Midterm elections are notorious for shifting congressional seats away from the president’s party, and this time is no different: Polls predict Democrats will gain control of […]
STOCKS UP FOR SECOND WEEK IN A ROW WITH MID-TERM ELECTION SPIKE AS THE FEDERAL RESERVE STANDS STILL The DJIA rose 2.8% this week on the back of a 545–point gain the day after the midterm elections were over, but then pulled back a little on Friday after investors read the latest policy statement from […]
STOCKS REBOUND AS EARNINGS SEASON WRAPS UP AND UNEMPLOYMENT STAYS AT 50-YEAR LOW The major U.S stock markets gave investors a solid rebound this week, adding over 2% across the board Investors were hoping for a bounce after the sell-off throughout much of October and solid corporate earnings and what appears to be easing trade […]
STOCKS AND ECONOMIC DATA MIXED AS EARNINGS SEASON HEATS UP • Stocks finished the week mixed, with a healthy increase in volatility, but much better than the heavy losses suffered in the prior week • The large-cap S&P 500 finished flat and the narrowly–defined blue–chip DJIA moved up 0.4% • The technology–heavy NASDAQ dropped 0.6%, […]
STOCKS LOWER AS VOLATILITY SPIKES AND RATES CONTINUE MOVING UP Equity markets were significantly lower in what was a very volatile week Investors worried about rising interest rates and tensions with China and the result was the largest weekly loss for the S&P 500 in about 7 months The DJIA lost 4.2%, the S&P 500 […]
A Fantastic Third Quarter – At Least in the U.S A fantastic third quarter has pushed 2018 into a pretty good year as the broad-based S&P 500 finished the third quarter with a 7.2% gain – its best quarter since 2013. Very solid corporate earnings, historically low unemployment, increased wage growth and still relatively low […]
STOCKS DOWN AS USMCA REPLACES NAFTA AND WASHINGTON FIGHTS The major U.S. markets were mostly down, with the tech–laden NASDAQ losing 3.2%, the small–cap Russell 2000 dropping 3.7% and the S&P 500 retreating 1.0% The large–cap, blue-chip DJIA finished the week flat The news was dominated by the Kavanaugh saga in Washington, but it appeared […]
STOCKS MIXED AGAIN THIS WEEK AS THE FED RAISES RATES FOR THE THIRD TIME IN 2018 AND A GREAT THIRD QUARTER ENDS The major U.S stock market indices ended the week mixed again — just like last week — although the technology-laden NASDAQ turned in a pretty decent gain The S&P 500 retreated from […]
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