Things you need to know US grants temporary relief for Huawei – mkts surge No eco data to drive the conversation Tomorrow brings us the May 1st FOMC mins Crash, Bang, Boom – stocks got punished yesterday (although they did finish off their lows) as the fight rages on…The [...]
Here is today’s appearance on CNBC World Wide Exchange with Brian Sullivan https://www.cnbc.com/video/2019/05/20/polcari-the-market-is-going-to-be-in-a-range-until-theres-clarity-on-trade.html ___________________________________________________ Things you need to know. - US companies pull contracts with Huawei- China not happy – trade talks stalled- Trump warns Iran and expects them to play nice in the sandbox- Mkts likely to test support this week. So stocks had [...]
Things you need to know The tone changes again overnight – China ramps it up Mkts end weaker going into the weekend US futures under pressure even as Trump delays tariffs on European Autos Try the Chicken… Mkts surged yesterday – as the algo’s took it all [...]
Things you need to know - - China is prepared to fight - Trump declares a national emergency threat against US Technology - Mkts yawn - Asia mixed, Europe slightly lower and US Futs slightly higher Stocks cautiously advanced for a second day - even in the face of some weaker macro data (retail sales [...]
Here is my appearance on CNBC World Wide Exchange today: https://www.cnbc.com/video/2019/05/14/polcari-until-you-get-clarity-on-trade-the-market-will-be-driven-by-headlines.html Things you need to know Xi Xi -strikes back – hits farmers, Energy suppliers, Industrials and the Treasury Mkts buckle under the weight – The Dow pierces both its 100 and 200 dma but manages to hold on Nasdaq and [...]
Things you need to know Trade tension remains elevated Asian mkts follow suit and end lower European mkts trying to hold on Watch trendline support on the S&P – a failure here could set the algo’s ablaze What a difference a day makes….24 little hours – except [...]
Things you need to know It’s all about trade US stocks followed the pattern that had been seen round the world yesterday…..with the exception of China which lost nearly 6% on Monday – the rest of the developed mkts around the world were off just around 2% - plus or minus a bit as investors [...]
Things you need to know. Donny (using Twitter) threatens to raise existing tariffs of 10% to 25% on Friday if the Chinese don’t negotiate in good faith And then threatens to add 25% tariffs on an add’l $325 bil worth of goods Asian/European mkts come under fire – China loses 6%, Euro mkts [...]
Things you need to know NFP blows it out of the water – at 240K jobs Unemployment falls to 3.6% Oil still under pressure after yesterday’s beating More FED Speak today – will they agree with Jay? The mkt closed lower yesterday for a couple of reasons [...]
Things you should know Jay Powell was spot on - even though some think otherwise Algo’s over react (again) Cooler heads will prevail – Mkts need to hold right here to calm down Ok – so today we have to have a broader conversation……in this piece ‘they an them’ are the [...]