Markets continue to be on a “roller coaster” as investors/traders/algos continue to consider all the implications of the coronavirus, BREXIT, GDP, reported at +2.1% beating the estimates of +2%, Oil, macro data, ongoing earnings, falling treasury yields, and the drama of the Trump Impeachment proceedings (this was more entertainment versus market moving reality TV). Recall [...]
Markets continue to be on a “roller coaster” as investors/traders/algos continue to consider all the implications of the coronavirus, BREXIT, GDP, reported at +2.1% beating the estimates of +2%, Oil, macro data, ongoing earnings, falling treasury yields, and the drama of the Trump Impeachment proceedings (this was more entertainment versus market moving reality TV). Recall [...]
Latest thoughts from the partners at GMAG https://www.tradersmagazine.com/departments/commentary/market-data-daze/
The coronavirus continues to affect more people. The death toll is now 177 people and the number of infected people now stands at better than 7000! The FED leaves rates unchanged (expected), but warns of a global slowdown due to “the virus.” TSLA kills it, and the junkies can’t get enough, sending the stock up [...]
So stocks did bounce yesterday, as global investors put any concerns over coronavirus onto the back burner, no longer fearful the way they were on Monday, when stocks got slammed. Suddenly, all of the fears of contagion suddenly disappeared, which goes to show you that so much of the action, both fear and euphoria, is [...]
“Someone told me long ago, there’s a calm before the storm, I know it’s been comin’ for some time, When it’s over so they say, It’ll rain a sunny day, I know shinin’ down like water, I want to know, Have you ever seen the rain? I want to know, Have you ever seen the [...]
**See my appearance on CNBC WorldWide Exchange this morning – click here…. In a complete about-face to what the Europeans did on Friday, where all of those markets ended the day higher by 1+% US indexes, got slammed. While they appeared to want to trend higher in the early morning, the tone quickly changed as [...]
The virus continues to spread within China as well as the world. Beijing, Shanghai, Macao, and Hong Kong all now reporting outbreaks. China has now locked down 13 cities and more than 28 million people just as the lunar new year celebrations begin. The WHO (World Health Org) has yet to classify this virus as [...]
BREAKING NEWS: Huanggang now joins Wuhan (epicenter of the coronavirus outbreak) as the second Chinese city to be in “lock down” mode in an attempt to control and contain the fast spreading coronavirus, with authorities shutting down all modes of transport into and out of these cities. No planes, trains, or automobiles! Now while this [...]
Innocuous is defined as not harmful or offensive. In yesterday’s note, I suggested that at some point we would get an innocuous event that would cause markets to back off a bit. Was yesterday’s news “that event?” Stocks closed lower yesterday. It’s “Sleepless in Seattle” as the US has its first case of CoronaVirus. The [...]