Stocks meandered most of the day, doing nothing really as investors/traders/algos sit and wait and wait and wait…for today’s FOMC (Federal Open Market Committee) rate announcement (no change) and Sunday’s trade deadline. There was plenty of other news: Nancy (Pelosi) and The Dems came to the table and agreed to administration terms that support the [...]
Friday’s job report was a winner, blowing the roof off the house by every measure and signaling continued strength in the US economy. It put to bed any idea that the supposed global weakening was affecting our economy. The report, which was expected to show 187k new jobs created in November, actually showed 266k new [...]
It was an uneventful day at 11 Wall St on Thursday. While stocks did end the day a bit higher, they are still down on the week, all as investors/traders/algos parse the headlines looking for some bit of info that may be the clue to what’s next. By the end of the day, the Dow [...]
WSJ Thursday Dec 5: “US Stocks Rise as Investors Peg Hopes on Trade Deal” (Is anyone else exhausted?) The article goes on to say that “US stocks advanced Wednesday on fresh optimism over US and China trade talks.” The latest rally is being driven by comments out of China (of all places). They said [...]
Investors/traders/algos all got hit upside the head yesterday. Trump, over in Europe for the 70th anniversary of NATO, made some “passing comments” on trade. By now you are well aware it wasn’t well received in the equity markets. Stocks tumbled on the news that Trump is in “no rush” to make a deal with China [...]
So, stocks did an about face. Futures, which had been up in the early morning hours, suddenly turned lower as we moved into the opening bell. What looked like a nice start to the final month of the year, turned negative fairly quickly. It turned even more negative when Trump “tweeted” out that he was [...]
Stocks surged to a one of largest monthly gains since June. Indexes ended the month higher by better than 3% for the Dow and S&P, while the Nasdaq rallied by 5.25% and the Russell added 5%. What is keen to note here is the performance by the Russell 2000, which is a US centric SMID [...]