As if dealing with Harvey wasn’t enough, Hurricane Irma (his not so distant cousin) has already wreaked havoc along its path through the Caribbean. It now looks to do a lot more damage. Hurricane Jose, Irma’s younger brother, is also …
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Last week the equity markets had a remarkable reversal of fortune as the SPY and QQQ moved from breaking down under major institutional support levels such as their 50 moving averages, …
Sometime a picture says it all.
This week’s Market Outlook commentary is simply the observation you choose to find in this chart. All politics aside (although they are likely the driving force behind these trends).
The chart illustrates the percent …
Last week was a feeding frenzy for the bears.
The Trump White House did a fine job of providing the bears with ideal feeding conditions with new and more outrageous controversies daily.
The result was another week in which key …
Global equity markets had a hiccup last week, precipitated by President Trump’s (aka the Twitterer in Chief) tweets, threatening both North Korea and Venezuela, saying the US military is “locked and loaded” and ready to attack if provoked.
Those tweets …
US equities markets continue to churn, treading over swamp-infested waters, as the unemployment numbers improved again (4.3%) by dropping to the lowest levels since 2001, showing that a recession is not imminent (big positive).
Speaking of the swamp: on Capitol …
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Markets endured the chaos emanating from the White House, as Press Secretary Sean Spicer resigned and Trump threw Attorney General Jeff Sessions under the bus as the investigations by the FBI intensified. It was disclosed this week that Sessions, while …
Equity markets roared this week, led by NASDQ 100 (QQQ). The tech-laden index regained its footing, closing over 3 % for the week, (its highest close since Goldman put out its hit job on semiconductors on June 9).
The only …
Despite the meager outcome from the G 20 meeting with some calling it a G19 as the US retreats from the world stage, US equities shrugged off the global disappointment. Stocks stabilized, ignoring the larger than normal riots usually accompanied …
